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This information relates to Sheridan Co. 1. On April 5, purchased merchandise from Sunland Company...

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Accounting

This information relates to Sheridan Co.

1. On April 5, purchased merchandise from Sunland Company for $26,000 on account.

2. On April 7, purchased equipment on account for $27,600.

3. On April 8, returned $3,400 of April 5 merchandise to Sunland Company.

4. On April 15, paid the amount due to Sunland Company in full.

Prepare a tabular summary to record the transactions listed above for Sheridan Co. using a perpetual inventory system.

(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

image This information relates to Sheridan Co. 1. On April 5, purchased merchandise from Sunland Company for $26,000 on account. 2. On April 7, purchased equipment on account for $27,600. 3. On April 8, returned $3,400 of April 5 merchandise to Sunland Company. 4. On April 15, paid the amount due to Sunland Company in full. Prepare a tabular summary to record the transactions listed above for Sheridan Co. using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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