Sheridan Stores is a new company that started operations on March 1, 2021. The company has decided to use a perpetual inventory system. The following purchase transactions occurred in March: Mar. 1 2 3 21 Sheridan Stores purchases $9.000 of merchandise for resale from Octagon Wholesalers, terms 2/10, 1/30,FOB shipping point. The correct company pays $140 for the shipping charges. Sheridan returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Octagon gives Sheridan a $1.100 credit on its account. Sheridan Stores purchases an additional $12,000 of merchandise for resale from Octagon Wholesalers, terms 2/10. n/30. FOB destination The correct company pays $170 for freight charges. Sheridan returns $400 of the merchandise purchased on March 21 because it was damaged. Octagon gives Sheridana $400 credit on its account Sheridan paid Octagon the amount owing for the merchandise purchased on March 1. Sheridan paid Octagon the amount owing for the merchandise purchased on March 21. 22 23 30 31 Prepare Sheridan Stores' journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Purchase on account.)