Your answer is partially correct. Prepare the journal entries to record the following transactions on Sunland Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Blossom Company sold $935,200 of merchandise to Sunland Company, terms 2/10, n/30. The cost of the merchandise sold was $544,700. (b) On March 6, Sunland Company returned $109,600 of the merchandise purchased on March 2. The cost of the merchandise returned was $66,700 (c) On March 12, Blossom Company received the balance due from Sunland Company No. Date Account Titles and Explanation Debit Credit 935200 March 2 | | Accounts Receivable 935200 Sales Revenue 109600 March 6Sales Returns and Allowan Accounts Receivable 109600 809088 March 12 Cash 16512 Sales Discounts 825600 Accounts Receivable