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3.1974 III View policies Show Attempt History Current Attempt in Progress Prepare the journal entries to record the following transactions on Marigold Corps books under a perpetual inventory system (a) Your Answer Correct Answer (Used) Your answer is partially correct. On March 2, Sheffield Company sold $ 835,000 of merchandise on account to Marigold Corp,terms 2/10, 1/30. The cost of the merchandise sold was $ 568.000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Inventory B35000 On March 12. Sheffield Company received the balance due from Marigold Corp. (Credit account titles are automatically inder when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Accounts Payable 75150 Inventory 56800 Cash 83500 e Textbook and Media lict of Account