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Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold entries) ( List all debit entries before credit entries. Credit

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Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold entries) ( List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) On July 1, Sheridan Co. sold merchandise on account to Stacey Inc for $24,950, terms 3/10,n/30. (b) On July 8, Stacey lnci returned merchandise worth $2,550 to Sheridan Co. (c) On July 11, Stacey Inc paid for the merchandise

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