Question: Just need part c answered please Brief Exercise 5-04 a-c (Part Level Submission) Prepare the journal entries to record the following transactions on Sandhill Company's

Just need part c answered please Brief Exercise 5-04 a-c (Part LevelSubmission) Prepare the journal entries to record the following transactions on SandhillCompany's books using a perpetual inventory system. Your answer is correct. OnJust need part c answered please

Brief Exercise 5-04 a-c (Part Level Submission) Prepare the journal entries to record the following transactions on Sandhill Company's books using a perpetual inventory system. Your answer is correct. On March 2, Sandhill Company sold $956,000 of merchandise on account to Indigo Company, terms 4/10, n/30. The cost of the merchandise sold was $550,000. (Credit account titles are automatically indented when amount Account Titles and Explanation Debit Credit entered. Do not indent manually.) Accounts Receivable 956000 956000 Sales Revenue (To record credit sale) Cost of Goods Sold 550000 550000 Inventory (To record cost of merchandise sold) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT Attempts: 2 of 5 used Your answer is correct. On March 6, Indigo Company returned $95,600 of the merchandise purchased on March 2. The cost of the returned merchandise was $59,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Sales Returns and Allowances 95600 Sales Returns and Allowances 95600 Accounts Receivable 95600 (To record merchandise returned) Inventory 59000 Cost of Goods Sold 59000 (To record cost of merchandise returned) Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT (c) Your answer is partially correct. Try again. On March 12, Sandhill Company received the balance due from Indigo Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit cash Sales Discounts Accounts Receivable 95600 Click if you would like to Show Work for this question: Open Show Work Cost of Goods Sold 59000 (To record cost of merchandise returned) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT Your answer is partially correct. Try again. On March 12, Sandhill Company received the balance due from Indigo Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit cash Sales Discounts Accounts Receivable 95600 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT

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