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Help please! Current Attempt in Progress Prepare the journal entries to record the following transactions on Sheridan Compary,s books using sperpetual inventory system. (if no
Help please!
Current Attempt in Progress Prepare the journal entries to record the following transactions on Sheridan Compary,s books using sperpetual inventory system. (if no entry is required, select "No Entry" for the account titles and enter O for the omounts. Credit account tities are automaticolly indented when amount is entered. Do not indent manually Record journal entries in the order presented in the problem) (a) On March 2, Sheridan Company sold $944,100 of merchandise to Crane Company, terms 3/20, ri30. The cost of the merchandise sold was \$529,100. (b) On March 6, Crane Company returned $112,100 of the merchandise purchased on March 2. The Cost of the merchandise returned was $60,100. (c) On March 12. Sheridan Company received the balance due from Crane Company. No. Date Account Titles and Explanation (a) - (To record sale of merchandise) (b) (To record return of merchandise) (c) March 12
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