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Prepare the journal entries to record the following transactions on Sandhill 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. List all debit entries before credit entries.) (a) (b) (c) On March 2, Sandhill Company sold $887,400 of merchandise to Teal Mountain Company on account, terms 2/10, n/30. The cost of the merchandise sold was $571,700. On March 6, Teal Mountain Company returned $103,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $62,500. On March 12, Sandhill Company received the balance due from Teal Mountain Company.

Prepare the joumal entries to record the following transactions on Sandhill Company's books using a perpetual inventory system. (if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automotically indented when amount is entered. Do not indent manually. Recold journol entries in the order presented in the problem. List all debit entries before credit entries.) (a) On March 2, Sandhill Company sold \$887.400 of merchandise to Teal Mountain Company on account, terms 2/10,n/30.,The cost of the merchandise sold was $571,700. (b) On March 6, Teal Mountain Company returned $103,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $62,500. (c) On March 12, Sandhill Company received the balance duc from Teal Mountain Company. Prepare the journat entries to record the following transactions on 5 anchill Company is books using a perpetual imentory system fir no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit account titles are automotically indentor when amount is entered. Do not indent manuaily. Record journcl entries in the order presented in the problem List all debit entries be: entriles:) (a) On March 2, Sandhill Compary sold $887,400 of merchandise to Teal Mountain Company on account, terms 2210, N30. The cost of the merchandise sold was $571,700. (b) On March 6. Teal Mountain Compary returned $103,200 of the merchandise purchased on March 2 . The cost of the merchandise returned was $62,500 (c) On March 12, Sandthilt Compary received the balance due from Teal Mountain Compary March 6 (To recond cost of goods sold) March 12 (To record return of merchandise) (To record cost of goods returned)

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