View Policies Current Attempt in Progress Prepare the journal entries to record these transactions on Larkspur, Inc's books using a periodic inventory system. (a) On March 2, Larkspur, Inc. purchased $750,200 of merchandise on account from Novak Company, terms 4/10, n/30. (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 O for the amounts) Account Titles and Explanation Debit Credit