Question 1 On Juk a Crn" Comuuamr Durchased $ 7200 of merchandfrom Sheridan Carr am. terms 3,10. v30, Crame Compr r pars th" fre ght costs of $430 on Jume 11. Goods tot ins$ 200-3rw returned to Sheridan Company fer credit on June 12.On Juns 19,Crane Cempary pzys Sherildan Compay In tull, lss the purchaec dscount. Both companles use a perpetual Inwentory system Prepre seperate entries for eachtrareattionon the books of CrareCompaWnoentry is required, select No Entry for the acccunt bites and enter autori tally hented wieniaunt /s dndered. Do not ident n analy Record kurnal entries 11 the order presente d the poblem for the amounts Creait occount titles ore Date Account Titles and Explanation Debit Credit Textbook and Media List of Accounts oost Sheridan Compary $ 280 (Nno entry is required, select "No entry far the account tdles and enter Dfor the amounts. Credit eccount tities aeautomatically indented when amount is entered. Do Account Titles and Explanation To record credt saie) To record cost cf ocods sold To recond credit sale To reoordl cost of gods returned June 19 eTextbook and Media List of Accounts Altempts: Oof 6 used