Current Attempt in Progress Prepare the journal entries to record the following transactions on Culver Company's books under a perpetual Inventory system (a) On March 2, Sunland Company sold $995,000 of merchandise on account to Culver Company, terms 3/10,n/30. The cost of the merchandise sold was $583.000. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Inventory 99500 Accounts Payable 995C eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer (b) On March 6, Culver Company returned $99.500 of the merchandise purchased on March 2. The cost of the returned merchandise was $61,200. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Accounts Payable 99500 Purchase Returns and Allowances 995C e Textbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer (c) On March 12. Sunland Company received the balance due from Culver Company. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Accounts Payable 99500 Purchase Returns and Allowances 995C eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer (c) On March 12, Sunland Company received the balance due from Culver Company (List oll debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) ount Titles and Explanation Debit Credit ccounts Payable 895500 iventory Cash 412000 e Textbook and Media Solution List of Accounts Save for Later Attempts: 0 of 1 used Submit