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THIS Tormation relates to Sheridan Co. 1. 2. On April 5, purchased merchandise from Crane Company for $26,000 on account. On April 7. purchased equipment
THIS Tormation relates to Sheridan Co. 1. 2. On April 5, purchased merchandise from Crane Company for $26,000 on account. On April 7. purchased equipment on account for $27,600. On April 8, returned $3,400 of April 5 merchandise to Crane Company. On April 15, paid the amount due to Crane Company in full. Prepare a tabular summary to record the transactions listed above for Sheridan Co.using a perpetual inventory system. Inclu margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Cash Inv. Equipment $ April un $ O
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