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Current Attempt in Progress This information relates to Skysong Co. 1. On April 5, purchased merchandise on account from Sheridan Company for $27,600, terms
Current Attempt in Progress This information relates to Skysong Co. 1. On April 5, purchased merchandise on account from Sheridan Company for $27,600, terms 3/10, n/30. 2. On April 6, paid freight costs of $770 on merchandise purchased from Sheridan. 3. On April 7, purchased equipment on account for $34,300. 4. On April 8, returned $5,300 of April 5 merchandise to Sheridan Company. 5. On April 15, paid the amount due to Sheridan Company in full. (a) Prepare the journal entries to record the transactions listed above on Skysong Co's books. Skysong Co. uses a perpetual inventory system. (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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit
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