Presented below are selected transactions of Sheridan Company. Sheridan sells in large quantities to other...
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Presented below are selected transactions of Sheridan Company. Sheridan sells in large quantities to other companies and also sells its product in a small retail outlet March 1 3 9 Sold merchandise on account to Dodson Company for $9,800, terms 3/10, 1/30. Dodson Company returned merchandise worth $1,000 to Sheridan Sheridan collected the amount due from Dodson Company from the March 1 sale. Sheridan sold merchandise for $1,000 in its retail outlet. The customer used his Sheridan credit card. Sheridan added 1.8% monthly interest to the customer's credit card balance. 15 31 Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
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