ng transactions are for Sheridan Company December 3, Sheridan Company sold $512,700 of merchandise & Crane Co., terms 1/10, n/30. The cost of the merchandise sold was $321,50 n allowance of $26,000 for merchandise purchased on December 3. 2. On December 8, Crane Co. was granted a 3. On December 13, Sheridan Company received the balance due from Crane Co Company. Sheridan Company uses a perpetual inventory system. (Irn Prepare the journal entries to record these transactions on the books of Sheridan required, select "No Entry" for the account tities and enter o for the amounts. Credit account titles are automatically indented when amo not indent manually.)