prepare the journal entrues to record the following transactions on wildhorse company's books using a perpetual inventory system.

Prepare the journal entries to record the following transactions on Wildhorse Company's books using a perpetual inventory system (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automotically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Wildhorse Company sold $947,600 of merchandise to Windsor Company on account, terms 3/10, 1/30. The cost of the merchandise sold was $534,200. (b) On March 6, Windsor Company returned $105,700 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,600. On March 12, Wildhorse Company received the balance due from Windsor Company. (c) Date Debit Credit March 2 947600 Account Titles and Explanation Accounts Receivable Sales Revenue (To record sale of merchandise) Cost of Goods Sold 947600 March 2: 534200 Inventory 534200 March : (To record return of merchandise) March 6 Date Debit Credit March 2 947600 Account Titles and Explanation Accounts Receivable Sales Revenue (To record sale of merchandise) Cost of Goods Sold 947600 March 2 534200 Inventory 514200 March 6 (To record return of merchandise) March 6 March 12 Cash Sales Discounts Accounts Receivable