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If Your answer is partially correct. Try again. Sheridan Company received an order from Skysong, Inc. on May 15, 2017, valued at $2,140. Sheridan shipped
If Your answer is partially correct. Try again. Sheridan Company received an order from Skysong, Inc. on May 15, 2017, valued at $2,140. Sheridan shipped the goods to Skysong on May 31, 2017, with terms f.o.b. shipping point, and credit terms 2/10, n/30. Assume Sheridan uses the gross method of recording sales. Prepare the required journal entries for Sheridan on May 15, 2017, and May 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit / 2097 2097 to 1527 precounts receivable Sales Revenue togauza sales Discounts Acounts Recevable OP D O O D O 2097 2097
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