This information relates toSheridanCo.

1.On April 5, purchased merchandise on account fromSheffieldCompany for $20,100, terms4/10, net/30, FOB shipping point.2.On April 6, paid freight costs of $980on merchandise purchased fromSheffieldCompany.3.On April 7, purchased equipment on account for $33,600.4.On April 8, returned some of April 5 merchandise, which cost $3,500, toSheffieldCompany.5.On April 15, paid the amount due toSheffieldCompany in full.

(a)

Prepare the journal entries to record these transactions on the books ofSheridanCo. using a periodic inventory system.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)