The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec. 3 Sheffield Ltd. sold goods to Bramble Corp. for $57,000, terms n/15, FOB shipping point. The inventory had cost Sheffield $30,200. Sheffield's management expected a return rate of 3% based on prior experience. (a) 7 Shipping costs of $760 were paid by the appropriate company. 8 11 Bramble returned unwanted merchandise to Sheffield. The returned merchandise has a sales price of $1,760, and a cost of $960. It was restored to inventory. Sheffield received the balance due from Bramble. Your answer is partially correct. Record the above transactions in the books of Sheffield. (List all debit entries before credit entries. 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 O for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Der 2 Account Titles and Explanation Debit Credit