Question 3 of 7 View Policies < > Current Attempt in Progress -/5 E Oriole Company buys merchandise on account from Sheffield Company. The selling price of the goods is $1,130, and the cost of the goods is $790. Both companies use perpetual inventory systems. ... Journalize the transaction on the books of both companies. (List all debit entries before credit entries. 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 O for the amounts.) Account Titles and Explanation Oriole Company (To record credit purchase of inventory) Sheffield Company (To record credit sale) (To record cost of merchandise sold) eTextbook and Media List of Accounts Save for Later Debit DELL Credit Assistance Used Assistance Used Attempts: 0 of 5 used Submit Answer