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Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is

Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold 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.) (a) (b) (c) (a) (b) On July 1, Sheridan Co. sold merchandise on account to Stacey Inc. for $22,600, terms 4/10, n/30. On July 8, Stacey Inc. returned merchandise with a sales price of $4,100 to Sheridan Co. On July 11, Stacey Inc. paid the balance due. Date Account Titles and Explanation Debit Credit
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Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold entries.) (Credit occount titles are automatically indented when amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) (a) On July 1 , Sheridan Co, sold merchandise on account to Stacey Inc. for $22,600, terms 4/10,n/30. (b) On July 8, Stacey Inc, returned merchandise with a sales price of $4,100 to Sheridan Co. (c) On July 11, Stacey Inc, paid the balance due. Account Titles and Explanation Debit Credit (b) (c)

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