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purchased by Pina on June 1 0 cost Sheridan $ 4 , 7 0 0 . Sheridan pays the freight costs of $ 5 0

purchased by Pina on June

10

cost Sheridan $

4, 700 .

Sheridan pays the freight costs of $

500

on June

11 .

Both companies use a perpetual inventory system.

Prepare separate entries for each transaction for Sheridan Company for June

10

and June

11 .

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