Sheridan Company purchased goods on account with a cost of $1650 on July 15, terms 2/10, net/30, on which a return of $200 is granted on July 18. In the tabular analysis that follows the payment of the account in full on July 24 is recorded as a Assets Liabilities Stockholders' Equity Retained Earnings Cash + Inventory = Accounts Payable + Common Stock + Rev. Exp. - Div. decrease to Cash $1421, an increase to Interest Expense $29, and a decrease to Accounts Payable $1421 decrease to Cash $1450, a decrease to Inventory $29, and a decrease to Accounts Payable $1421. decrease to Cash $1421, a decrease to Inventory $29, and a decrease to Accounts Payable $1450. decrease to Cash $1650, and a decrease Accounts Payable $1650