View Policies Show Attempt History Current Attempt in Progress Prepare the journal entries to record the following transactions on Marigold Company's books using a perpetual inventory system. Your answer is correct. On March 2, Sunland Company sold 925,000 of merchandise on account to Marigold Company, terms 4/10, n/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 Inventory Accounts Payable Debit 925,000 Credit 925,000 Your answer is correct. 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 Accounts Payable Inventory Debit Credit 101,000 101,000 Your answer is partially correct. 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 the amounts.) Account Titles and Explanation Debit Credit Accounts Payable Inventory Cash 824,000 494,000 494,000