BE$5\mathrm{.}4($LO $3),$ AP Prepare the journal entries to record the following transactions on Novy Company$$s

books using a perpetual inventory system.

a$.$ On March $2,$ Novy Company sold $$900,000$ of merchandise on account to Opps Company, terms

$2/10,$ n$/30.$ The cost of the merchandise sold was $$590,000.$

b$.$ On March $6,$ Opps Company returned $$90,000$ of the merchandise purchased on March $2.$ The cost

of the returned merchandise was $$62,000.$

c$.$ On March $12,$ Novy Company received the balance due from Opps Company.