Kimmel, Financial Accounting, 8e HelR I System Announcements CALCULATOR PRINTER VERSION BACK HOE NEXT Brief Exercise 5-14 Prepare the journal entries to record these transactions on Sheridan Company's books using a periodic inventory system- (f 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 j presented in the problem.) ournal entries in the order (a) On March 2, Sheridan Company purchased $862,000 of merchandise from Crane Company, terms 2/10, /30 (b) On March 6, Sheridan Company returned $110,700 of the merchandise purchased on March 2. (c) On March 12, Sheridan Company paid the balance due to Crane Company. Debit Credit No. Date Account Titles and Explanation