arrent Attempt in Progress The following merchandise transactions occurred in December. Both companies use a perpetual inventory systern. Dec. 3 4 Sandhill Company sold merchandise to Thomas Co. for $41,000, terms 2/10, 1/30, FOB destination. This merchandise cost Sandhill Company $18,000. The correct company paid freight charges of $750. Thomas Co. returned unwanted merchandise to Sandhill. The returned merchandise had a sales price of $2,100 and a cost of $990. It was restored to inventory. Sandhill Company received the balance due from Thomas Co. 8 13 D Prepare the journal entries to record these transactions on the books of Sandhill Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation Prepare the journal entries to record these transactions on the books of Sandhill Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select 'No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record sales on account.) (To record cost of goods sold) Cash payment for freight costs) (To record credit for goods returned) Prepare the journal entries to record these transactions on the books of Thomas Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Purchase on account.) (To record purchase return) Payment on account.) Prepare the journal entries to record these transactions on the books of Thomas Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Purchase on account.) (To record purchase return) (Payment on account.)