CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 5-05 a-c (Part Level Submission) Prepare the journal entries to record the following transactions on Opps Company's books under a perpetual Inventory system. OL (a) 10 Your answer is partially correct. Try again. ay) ay) On March 2, Novy Company sold $900,000 of merchandise on account to Opps Company, terms 2/10, 1/30. The cost of the merchandise sold was $590,000. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Account Titles and Esplanation Owner's Capital 900000 Click if you would like to Show Work for this question: Open Show Wors SHOW LIST OF ACCOUNTS LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 3 of 3 used (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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 3 used