Please answer the red boxes.

Brief Exercise 5-5 (Part Level Submission) Prepare the journal entries to record the following transactions on Splish Brothers Inc.'s books using a perpetual inventory system. (a) Your answer is correct. On March 2, Sheffield Company sold $915,000 of merchandise on account to Splish Brothers Inc., terms 3/10, n/30. The cost of the merchandise sold was $599,000. (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 915,000 Accounts Payable 915,000 (b) Your answer is correct. On March 6, Splish Brothers Inc. returned $91,500 of the merchandise purchased on March 2. The cost of the returned merchandise was $59,900. (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 91,500 Inventory 91,500 (c) Your answer is partially correct. Try again. On March 12, Sheffield Company received the balance due from Splish Brothers Inc.. (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 X Accounts Payable 91,500 X Accounts Receivable X Cash 89670