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prepare the journal entries recordthe following transactions on mcleena company's books under a perpetual inventoty...

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Accounting

prepare the journal entries recordthe following transactions on mcleena company's books under a perpetual inventoty system. (A) On march 2, borst company sold 800,000 of merchandise on account to macleena company, terms 2/10, n/30. The cost of the merchandise sold was 540,000.

(B) On march 6, Mcleena company returned 140,000 of the merchandise purchased purchased on March 2. The cost of returned merchandise was 94,000.

(C) On march 12, Borst company received the balance due from mcleena company

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