Question: Accounting help needed Current Attempt in Progress On October 5, Sheridan Company buys merchandise on account from Concord Company. The selling price of the goods

Accounting help needed

Accounting help needed Current Attempt in Progress On October 5, Sheridan Company

Current Attempt in Progress On October 5, Sheridan Company buys merchandise on account from Concord Company. The selling price of the goods is $4,860, and the cost to Concord Company 's $3,470. On October B, Sheridan returns defective goods with a selling price of $680 and a fair value of $135. Record the transactions on the books of Concord Company using the perpetual inventory system. (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 ( for the amounts.) Date Account Titles and Explanation Debit Credit (To record credit sales) To record cost of goods sold on account) To record credit granted for receipt of returned goods) (To record fair value of goods returned) eTextbook and Media

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