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Prepare the journal entries to record these transactions on Sunland Company's books using a periodic inventory system. (If no entry is required, select No

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Prepare the journal entries to record these transactions on Sunland Company's books using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) On March 2, Sunland Company purchased $873,500 of merchandise from Splish Brothers Company, terms 3/10, n/30 a. b. On March 6, Sunland Company returned $110,800 of the merchandise purchased on March 2 c On March 12, Sunland Company paid the balance due to Splish Brothers Company. VEIV -/1 Date Account Titles and Explanation Debit Credit I eTextbook and Media 1

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