Question: Prepare the journal entries to record the following transactions on Wildhorse Company's books using a perpetual inventory system.

1.) On March 2, Windsor Company sold $947,600 of merchandise to Wildhorse Company on account, terms 3/10, 1/30. The cost of the merchandise sold was $534,200. (b) On March 6, Wildhorse Company returned $105,700 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,600. 10 On March 12, Windsor Company received the balance due from Wildhorse Company. No. Date Account Titles and Explanation Debit Credit