View Policies Show Attempt History Current Attempt in Progress Prepare the journal entries to record the following transactions on McLeena Company's books under a perpetual inventory system. (a) Your answer is partially correct. On March 2, Borst Company sold $800,000 of merchandise on account to McLeena Company, terms 2/10,n/30. The cost of the merchandise sold was $540,000. (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 for the amounts.) Account Titles and Explanation Debit Credit Accounts Payable 800000 Cash 8000000 eTextbook and Media Assistance Used eTextbook Media