The following transactions are for Sheridan Company.

1.		On December 3, Sheridan Company sold $460,000 of merchandise to Sunland Co. on account. The cost of the merchandise sold was $303,600.
2.		On December 8, Sunland Co. returned $23,000 of merchandise purchased on December 3. The cost of the goods was $14,720.
3.		On December 13, Sheridan Company received the balance due from Sunland Co.

Prepare a tabular summary to record these transactions for Sheridan Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses 3. (45)) Assets Liabil Date Cash Accts Rec. Acc Inventory Dec 3 $ $ 8 13 e Textbook and Media Prepare a tabular summary to record these transactions for Sheridan Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the numberes.45 or parentheses (45).) Liabilities Stockholders' Equity Retained Earnings Accts Pay Common Stock Rev. Exp. 5 eTextbook and Media se Pansactions for Sheridan Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the numbers. -45 or parentheses es (45).) Stockholders' Equity Retained Earnings Common Stock Rev Exp. $ $ $ eTextbook and Media