Principles Exercise 5-1 This indormation relates to Sheridan Co. 1. On April 5, purchased merchandise from Crane Company for S2 7,200, terms 10./30. 2. On Aeril 6, paid trelight costs of $780 on merchandise purchased from Crane Company 3. On April 7, purchased equipment on account for $34,200. 4. On Apel 8, returned $4,600 of Apeil 5 merchandise to Crane Company, S. On April 5, paid the amount due to Crane Company in fu Prepare the Journal entries to record the tranmactions isted above on Sheridan Co.'s books. Sheridan Co uses pera Do not indent mansually. Recond josuirnal entries in the order presented in the problem) a perpetual inventory system.Ef o entry is requret, select "No Enbry"or the accont es and enter & for the Account Credit are automatically Inente when mu