- 75 ** Prepare the journal entries to record the following transactions on Marigold Company's books using a perpetual inventory system. On March 2, Sunland Company sold 925,000 of merchandise on account to Marigold Company, terms 4/10, 1/30. The cost of the merchandise sold was 597,000. (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 On March 6, Marigold returned 101,000 of the merchandise purchased on March 2. The cost of the returned merchandise was 84,000. (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.) uestion 3 of 8 - 15 E On March 6, Marigold returned 101,000 of the merchandise purchased on March 2. The cost of the returned merchandise was 84,000. (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 On March 12, Sunland received the balance due from Marigold. (Credit account titles are automatically indented when mount is entered Do not indent manually. If no entry is required select "No Entry for the account titles and enter o for On March 12, Sunland received the balance due from Marigold. (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