Exercise B-08 Sheridan Industries purchased $11,000 of merchandise on February 1, 2020, subject to trade discount of 10% and with credt terms of 1/15, W60. I turned 1,200 (grans price bulare trade or ca Biscount) on February 4. The invoice was paid on February 13. ssuming that Sheridan uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the grous method. (Ir ne entry is required, select "Mo or the account titles and enter o for the amounts. Round answers to o decimal places, e.g. 6,578. Credit account titles are automatically indented when amount is entered. Do no anually.) Date Account Titles and Explanation Debit Credit