Your answer is correct. On March 2, Marigold Corp. sold $850,000 of merchandise on account to Sheffield Company, terms 2/10,n/30. The cost of the merchandise sold was $602,000. (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 Receivable 850000 Sales Revenue 850000 (To record credit sale) Cost of Goods Sold 602000 Inventory 602000 (To record cost of merchandise sold) e Textbook and Media List of Accounts - Your answer is partially correct. On March 12, Marigold Corp.received the balance due from Sheffield Company. (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 248000 Purchase Discounts 74400 Cash 240560 e Textbook and Media Solution List of Accounts Attempts: 2 of 3 used