On May 18, Sheridan Company sells $960 of merchandise on account with a cost of $535 to Skysong Supply. Prepare the entries for Sheridan Company to record the sale. (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. List all debit entries before credit entries.) Date Account Titles and Explanation May 18 + + (To record the sales revenue.) + + (To record cost of goods sold.) Debit Credit

On May 18 . Sheridan Compary sells $960 of merchandise on account with a cost of $535 to Skysong Supply. Prepare the entries for Sheridan Company to record the sale. (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 of for the amounts. List all debit entries before credit entries.)