On September 4, Sheridan Knickknacks buys merchandise on account from Cheyenne Supply Company. The selling price of the goods is $2,600 and the cost of goods is $1,700. Both companies use the perpetual inventory systems. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entries before credit entries.) 1. Journalize the transactions on the books of Sheridan Knickknacks. 2. Journalize the transactions on the books of Cheyenne Supply Company