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On fune 10, Crane Company purchased $7,200 of merchandive from Sheridan Company terms 3/10, n/30. Crane Company pays the ficicht costs of $430 on June

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On fune 10, Crane Company purchased $7,200 of merchandive from Sheridan Company terms 3/10, n/30. Crane Company pays the ficicht costs of $430 on June 11 . Goods totaling $200 are returnes sutomotically indented when anount is entered. Do not indent manualk. Record journal entries in the order presented in the problem.] Date Account Titles and Explanation Debit Credit Prepare separate entries for each transaction for 5 beeridan Company The merchandise purchased by Sheridan Company on June 10 cost McGiver $2740, and the goods returned cost Sheridan Company $280. Of no entry is required, select "No entry" for the occount bites and enter Ofor the amounts Credit occount tites are cutomotically indented when amount is entered Do not indent nanually. Record journal entries in the onder presented in the problem. (To record credit sale) (To record cost of goods returned) June 19

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