This information relates to Markowitz Company. On February 6, Markowitz Company sold $105,000 of merchandise to the Lyman Co., terms 2/10. net 730 (cost. $70,000). On February 8, the Lyman Co. returned $14,000 of the merchandise purchased on February 6 (cost. $7,000). On February 16 Markowitz Company received the balance due from the Lyman Co Instructions Prepare the journal entries to record the following transactions on Markowitz Company's books using a perpetual inventory system Assume that Markowitz Company received the balance due from the Lyman Co on March 6, instead of February 16. Prepare the journal entry to record this payment