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Current Attempt in Progress Sheridan Company completed the following transactions in October: Sheridan uses a perpetual inventory system. Credit Sales Date Oct. 3 Oct. 11
Current Attempt in Progress Sheridan Company completed the following transactions in October: Sheridan uses a perpetual inventory system. Credit Sales Date Oct. 3 Oct. 11 Oct. 17 Oct. 21 Oct. 23 (a) Date of Collection Oct. 8 Oct. 16 Oct. 29 Oct. 27 Amount Oct. 28 $900 1,450 5,300 3/10, n/30 1/10, n/30- 1,720 2/10, n/30 6,900 2/10, n/30 $ $ Terms $ 2/10, n/30 $ Sales Returns Indicate the cash received for each collection. Show your calculations. 882 Date Oct. 14 Oct. 20 Oct. 23 Oct. 27 Amount $250 1,220 420 600 Date of Collection Oct. 8 Oct. 16 Oct. 29 Oct. 27 Oct. 28
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