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(a) Your answer is correct. On March 2, Pharoah Company sold $916,000 of merchandise on account to Flounder Company, terms 2/10, n/30. The cost of the merchandise sold was $603,000. indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Accounts Receivable 916000 916000 Sales Revenue (To record credit sale) Cost of Goods Sold 603000 Inventory 603000 (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 Your answer is correct. On March 6, Flounder Company returned $91,500 of the merchandise purchased on March 2. The cost of the returned merchandise was $54,200. amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Sales Returns and Allowances 91600 91600 Accounts Receivable (To record merchandise returned) Inventory 54200 54200 Cost of Goods Sold (To record cost of merchandise returned) Click if you would like to Show Work for this question: Open Show Work Your answer is partially correct. Try again. On March 12, Pharoah Company received the balance due from Flounder Company. (Credit accou Account Titles and Explanation Debit Credit Sales Discounts Cash Accounts Receivable Click if you would like to Show Work for this question: Open Show Work