Presented below are transactions related to Sheridan Company.

1.		On December 3, Sheridan Company sold $606,000 of merchandise on account to Pronghorn Co., terms 3/10, n/30, FOB shipping point. The cost of the merchandise sold was $384,100.
2.		On December 8, Pronghorn Co. was granted an allowance of $29,500 for merchandise purchased on December 3.
3.		On December 13, Sheridan Company received the balance due from Pronghorn Co.

(a)

Prepare the journal entries to record these transactions on the books of Sheridan Company using a perpetual inventory system. (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.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	choose a transaction date Dec. 3Dec. 8Dec. 13Jan. 2	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)
	choose a transaction date Dec. 3Dec. 8Dec. 13Jan. 2	enter an account title to record cost of merchandise sold	enter a debit amount	enter a credit amount
		enter an account title to record cost of merchandise sold	enter a debit amount	enter a credit amount
		(To record cost of merchandise sold)
2.	choose a transaction date Dec. 3Dec. 8Dec. 13Jan. 2	enter an account title	enter a debit amount	enter a credit amount
		enter an account title	enter a debit amount	enter a credit amount
3.	choose a transaction date Dec. 3Dec. 8Dec. 13Jan. 2	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