Question 33 of 34 - 14 1 2 On December 3, Skysong Company sold $513.500 of merchandise to Sheridan Co. on account, terms 3/10, 1/30. The cost of the merchandise sold was $318,300 On December 8, Sheridan Co. was granted an allowance of $24.700 for merchandise purchased on December 3 On December 13, Skysong Company received the balance due from Sheridan Co. 3 (a) Prepare the journal entries to record these transactions on the books of Skysong Skysong uses a perpetual inventory system. (fro entry is required, select "No Entry for the account titles and enter for the amounts. Credit occount titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit (To record sale of merchandise on account) (To record cost of merchandise sold on account) Question 33 of 34 -14 E (To record sale of merchandise on account) (To record cost of merchandise sold on account) 2 I Assume that Skyson Company received the balance due from Sheridan Ca on January 2of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on any 2. no entry is required select "No Entry for the cute and enter for the amounts Credit account titles are automatically indented when amount entered Do not dient more -/4 III 3. (6) Assume that Skysong Company received the balance due from Sheridan Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2 (if no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Tities and Explanation Debit Credit Jan 2 List of Accounts Sovetor Later Attempts of 1 used Submit