Prepare the journal entries to record the following transactions on Oriole 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 automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
(a) On March 2, Sage Hill Company sold $891,900 of merchandise to Oriole Company on account, terms 3/10, n/30. The cost of the merchandise sold was $527,400.
(b) On March 6, Oriole Company returned $114,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $64,100.
(c) On March 12, Sage Hill Company received the balance due from Oriole Company.
