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please help Current Attempt in Progress On June 10, Sheridan...

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Accounting

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Current Attempt in Progress On June 10, Sheridan Company purchased $10,000 of merchandise on account from Concord Company, FOB shipping point, terms 2/10,n/30. Sheridan pays the freight costs of $500 on June 11 Goods totaling $300 are returned to Concord for credit on June 12. On June 19. Sheridan pays Concord Company in full, less the discount. Both companies use a perpetual inventory system Your answer is partially correct. Prepare separate entries for each transaction on the books of Sheridan Company. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) ate Account Titles and Explanation Debit Credi 10 Sales Returns and Allowances Accounts Receivable +11 - Inventory Cost of Goods Sold 12 Cash Sales Discounts 19 Cash Sales Discounts Accounts Receivable e Textbook and Media

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