Sheridan Company sold goods on account to William Enterprises with terms of 2/10, n/30. The goods had a cost of $528 and a selling price of $968. Both Sheridan and William use a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Record the sale on the books of Sheridan. Account Titles and Explanation Debit Credit (To record credit sale.) (To record cost of good sold.) 2. Record the purchase on the books of William. Account Titles and Explanation Debit Credit