Your answer is correct On March 2, Ivanhoe Company sold $840,000 of merchandise on account to Sarasota Company, terms 3/10,n/30. The cost of the merchandise sold was $603,000. (List all debit entries before credit entries. 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 Ofor the amounts.) Debit Credit Account Titles and Explanation 840,000 Inventory 840,000 Accounts Payable e Teythank and Media Your answer is correct. On March 6, Sarasota Company returned $84,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $63,300. (List all debit entries before credit entries. 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 84,000 Inventory 84,000 Your answer is partially correct On March 12, Ivanhoe Company received the balance due from Sarasota Company (List all debit entries before credit entries. 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 932,800 Inventory 27.984 Cash 904,816