Prepare the journal entries to record the following transactions on Sheridan Company's books using a...
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Accounting
Prepare the journal entries to record the following transactions on Sheridan Company's books using a perpetual inventory system fif no entry required, select "No Entry for the account titles and enter for the amounts. Credit account titles art automatically Indented when amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Skysong Company sold $944,100 of merchandise to Sheridan Company on account, terms 3/10./30. The cost of the merchandise sold was $529.100. (b) On March 6, Sheridan Company returned $112 100 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,100. (c On March 12, Skysong Company received the balance due from Sheridan Company Crex Debit Date Na Account Titles and Explanation a. March 2 Accounts Receivable b]
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