On June 10, Crane Company purchased $6,100 of merchandise from Sheridan Company, terms 2/10, n/30. Crane Company pays the freight costs of $360 on June 11. Goods totaling $400 are returned to Sheridan Company for credit on June 12. On June 19, Crane Company pays Sheridan Company in full, less the purchase discount. Both companies use a perpetual inventory system.

Problem.

Prepare separate entries for each transaction for Sheridan Company. The merchandise purchased by Crane Company on June 10 cost Sheridan Company $2,000, and the goods returned cost Sheridan Company $200. (If 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 journal entries in the order presented in the problem.)