Your Answer Correct Answer (Used) On March 2, Sandhill Company sold $869,000 of merchandise on account to Monty Company, terms 3/10, 1/30. The cost of the merchandise sold was $560,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit 00 ALI On March 6, Monty Company returned $86,900 of the merchandise purchased on March 2. The cost of the returned merchandise was $54,400. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 56000 Accounts Payable 54400 Inventory On March 12, Sandhill Company received the balance due from Monty Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit