Prepare the journal entries to record the following transactions on Benson Company, Ltd.’s books using a perpetual inventory system. (a) On March 2, Benson Company sold £800,000 of merchandise to Edgebrook Company, terms 2/10, n/30. The cost of the merchandise sold was £620,000. (b) On March 6, Edgebrook Company returned £120,000 of the merchandise purchased on March 2. The cost of the returned merchandise was £90,000. (c) On March 12, Benson Company received the balance due from Edgebrook Company​