1 The following transactions are for Sheridan Company On December 3, Sheridan Company sold $600,600 of merchandise to Pina Co, on account, terms 3/10, 1/30. The cost of the merchandise sold was $376,900, On December 8, Pina Co. was granted an allowance of $30,000 for merchandise purchased on December 3, On December 13, Sheridan Company received the balance due from Pina Co. 2 3. (a) Prepare the journal entries to record these transactions on the books of Sheridan Company using a perpetual inventory system, Credit account titles are automatically indented when amount is enterad. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and explanation Debit Cre No. Date 1 Dec 3 (To record credit sale) Dec (To record cost of merchandise sold) Management of pdf Prepare the journal entries to record these transactions on the books of Sheridan Company using a perpetual inventory system. Credit occount tides are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) No. Date Account Titles and Explanation Debit Cre 1. Dec 3 To record credit sale) Dec 3 V (To record cost of merchandise sold) 2