Current Attempt in Progress

Sunland Company buys merchandise on account from Splish Brothers Company. The selling price of the goods is $$1,500$ and the cost

of the goods sold is $$585.$ Both companies use perpetual inventory systems.

Journalize the transactions on the books of both companies. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for

the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before

credit entries.$)$

Account Titles and Explanation

Debit

Credit

Sunland Company

Splish Brothers Company

$($To record sale of merchandise on account$)$

$($To record cost of goods sold$)$