Purchase Sheridan Company purchased merchandise on account from Office Suppliers for $72,000, with terms of 1/10, 1/30. During the discount period, Sheridan returned some merchandise and paid $60,192 as payment in full. Sheridan uses a perpetual inventory system. Prepare the Journal entries that Sheridan Compary made to record the purchase of merchandise Click if you would like to show Work for this questions Open Show Work Return Sheridan Company purchased merchandise on account from Office Suppliers for $72,000, with terms of 1/10, 1/30. During the discount period Sheridan returned some merchandise and paid $60,192 as payment in full. Sheridan uses a perpetual Inventory system. Prepare the journal entries that Sheridan Company made to record the return of merchandise. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used