On March 2nd, Sheridan Company sold $970,000 of merchandise on account to Grouper Company, terms 2/10, n/30. The cost of merchandise sold was $538,000.

On March 2, Sheridan Company sold $970,000 of merchandise on account to Grouper Company, terms 2/10,n/3C. The cost of the merchandise sold was $538,000. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)