CALCULATOR PRINTER VERSION Brief Exercise 5-04 Prepare the journal entries to record the following transactions on Sheridan Company's books using a perpetual Inventory system. (If no entry is required, select "No Entry" for 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 In the problem.) (a) (b) (c) On March 2, Sheridan Company sold $944,100 of merchandise to Skysong Company on account, terms 3/10, n/30. The cost of the merchandise sold was $529,100. On March 6, Skysong Company returned $112,100 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,100. On March 12, Sheridan Company received the balance due from Skysong Company No. Date Debit Credit Account Titles and Explanation # Cost of goods sold (a) March 2 944100 944100 Accounts Payable (To record sale of merchandise) March 2 (To record return of merchandise) (c) March 12 Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS