Your answer is partially correct. Prepare the journal entries to record the following transactions on Ivanhoe Company's books using a perpetual inventory system. (If no entry is requires select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manu Record journal entries in the order presented in the problem.) (a) on March 2, Metlock Company sold $936,300 of merchandise to Ivanhoe Company on account, terms 2/10, 1/30. The cost of the merchandise solu was $571.700. (b) on March 6, Ivanhoe Company returned $110,600 of the merchandise purchased on March 2. The cost of the merchandise returned was $62,200. (c) On March 12, Metlock Company received the balance due from Ivanhoe Company No. Date Account Titles and Explanation Debit Credit (a) March 2 Sales Revenue 936300 Accounts Receivable 936300 (b) March 6 Sales Returns and Allowances 110600 Inventory 62200 (c) March 12 Cash 809186 Sales Discounts 16514 825700 Accounts Receivable e Textbook and Media