Prepare the journal entries to record the following transactions on \(\mathrm{H}\). Hunt Company's books using a periodic inventory system.

(a) On March 2, H. Hunt Company purchased \(\$ 900,000\) of merchandise from B. Streisand Company, terms \(2 / 10, \mathrm{n} / 30\).

(b) On March 6, H. Hunt company returned \(\$ 130,000\) of the merchandise purchased on March 2 because it was defective.

(c) On March 12, H. Hunt Company paid the balance due to B. Streisand Company.