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Prepare the journal entries to record the following transactions on Sandhill Company's books using a perpetual inventory system. (If no entry Is requlred, 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 joumal entries in the order presented in the problem. List all debit entries before credit entries.) (a) On March 2, Sandhill Company sold $851,800 of merchandise to Teal Mountain Company on account, terms 3/10. n/30. The cost of the merchandise sold was $537,700. (b) On March 6, Teal Mount . Company returned $103,700 of the merchandise purchased on March 2 . The cost of the merchandise returned was $68,000. (c) On March 12, Sandhill Company received the balance due from Teal Mountain Company. Accounts Payable (To record sale of merchandise on account) March 6 Accounts Payable 103700 Inventory (To record cost of goods sold) March 12 Accounts Payable 748100 Inventory (To record return of merchandise) (To record cost of goods returned)