BE5-3 Prepare the journal entries to record the following transactions on Graff Com- pany's books using a perpetual inventory system. (a) On March 2, Graff Company sold $800,000 of merchandise to Rodriguez Company, terms 2/10, n/30. The cost of the merchandise sold was $540,000. (b) On March 6, Rodriguez Company returned $140,000 of the merchandise purchased on March 2. The cost of the merchandise returned was $94,000. (c) On March 12, Graff Company received the balance due from Rodriguez Company. BE5-4 From the information in BE5-3, prepare the journal entries to record these trans- actions on Rodriguez Company's books under a perpetual inventory system