Sheridan Company sells one product. Presented below is information for January for Sheridan Company. Sheridan uses the FIFO cost flow assumption. All purchases and sales are on account. (a) Your answer is correct. Assume Sheridan uses a perpetual system. Prepare all necessary journal entries. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manuallo, tint all dahit antrine honfame nundit antwinol (To record the sale) \begin{tabular}{|l|l|} \hline Jan. 20 & Inventory \\ & \\ & Accounts Payable \\ \hline \end{tabular} \begin{tabular}{|r|} \hline 805 \\ \hline \end{tabular} (To record the cost of inventory) Accounts Receivable \begin{tabular}{|} \hline 820 \\ \hline \end{tabular} (To record the sale) Inventory Accounts Payable (To record the cost of inventory) eTextbook and Media