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help with the one that is incorrect please, thank you! Sheridan Co. had the following transactions during October. 1. On October 8, purchased merchandise on
help with the one that is incorrect please, thank you!
Sheridan Co. had the following transactions during October. 1. On October 8, purchased merchandise on account from Sunland Company for $18,700, terms 2/10,n/30. 2. On October 9, paid freight costs of $570 on merchandise purchased from Sunland Company. 3. On October 11 , returned $3,800 of October 8 merchandise to Sunland Company. 4. On October 18, paid the amount due to Sunland Company in full. Use a tabular summary to record the transactions listed above for Sheridan Co.'s books. SheridanCo. uses a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.(Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) 9 570 570 11 3800 3800 18 14602Step by Step Solution
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