Question: entry is required, select No Entry for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount
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, Borst Company sold $800,000 of merchandise to McLeena Company on account, terms 2/10, n/30. The cost of the merchandise sold was $540,000. (b) (c) On March 6, McLeena Company returned $140,000 of the merchandise purchased on March 2. The cost of the merchandise returned was $94,000. On March 12, Borst Company received the balance due from McLeena Company. Date Account Titles and Explanation March 2 Inventory March 2 Accounts Payable (To record sale of merchandise) March 6 # March 6 t (To record return of merchandise) March 12 Debit Credit 800000 800000
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