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On June 10, Skysong Company purchased $7,700 of merchandise from Sheridan Company, on account, terms 3/10, n/30. Skysong pays the freight costs of $430 on

On June 10, Skysong Company purchased $7,700 of merchandise from Sheridan Company, on account, terms 3/10, n/30. Skysong pays the freight costs of $430 on June 11. Goods totaling $800 are returned to Sheridan for credit on June 12. On June 19, Skysong Company pays Sheridan Company in full, less the purchase discount. Both companies use a perpetual inventory system.

Prepare separate entries for each transaction on the books of Skysong Company. (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.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date June 10June 11June 12June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date June 10June 11June 12June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date June 10June 11June 12June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date June 10June 11June 12June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

eTextbook and Media

List of Accounts

Prepare separate entries for each transaction for Sheridan Company. The merchandise purchased by Skysong on June 10 cost Sheridan $2,440, and the goods returned cost Sheridan $270. (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.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date June 10June 11June 12June 19

enter an account title to record credit sale

enter a debit amount

enter a credit amount

enter an account title to record credit sale

enter a debit amount

enter a credit amount

(To record credit sale)

enter an account title to record cost of goods sold

enter a debit amount

enter a credit amount

enter an account title to record cost of goods sold

enter a debit amount

enter a credit amount

(To record cost of goods sold)

choose a transaction date June 10June 11June 12June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date June 10June 11June 12June 19

enter an account title to record credit sale

enter a debit amount

enter a credit amount

enter an account title to record credit sale

enter a debit amount

enter a credit amount

(To record credit sale)

enter an account title to record cost of goods returned

enter a debit amount

enter a credit amount

enter an account title to record cost of goods returned

enter a debit amount

enter a credit amount

(To record cost of goods returned)
choose a transaction date June 10June 11June 12June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

eTextbook and Media

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