wereinexperiencedbookkeepermonthThe following transactions viere recorded by an ineoperienced booibeseper during the montho of June and July for Sheridan Company. Sheridan Company uSInventoryes a perpetual Inventery

system.

Jene $10$ A purchase of $$4,000$ of merchandia from DanCan Dlatributors was deb ted to Purchases and cred ted to Cash. The terma of the purchase viere $\frac{2}{10},$ n$/30,$ FOB shipping

point.

The impice for treight in the amount of $5245$ tor the delivery of merchandie purchased from DanDas was paid and vas debiest $40$ Dellivery Eupense.

Allewances.

were $\frac{1}{15},\frac{n}{30},$ FOB destination

Ireight charges.

Allowancer.