CALCULATOR FULL SCREEN Briel Exercise 5-4 PRINTER VERSION NEXT I BACK Your answer is partially correct. Try again. Prepare the journal entries to record the following transactions on Sunland Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Blossom Company sold $935,200 of merchandise to Sunland Company, terms 2/10, n/30, The cost of the merchandise sold was $544,700. (b) On March 6, Sunland Company returned $109,600 of the merchandise purchased on March 2. The cost of the merchandise returned was $66,700. On March 12, Blossom Company received the balance due from Sunland Company. (c) Account Titles and Explanation No. Date Debit Credit (a) Inventory 935200 March 2 935200 Accounts Payable (b) 109600 Accounts Payable March 6 109600 Inventory Accounts Payable 825600 (c) March 12 Inventory GL 333