Current Attempt in Progress 1. This information relates to Sheridan Co. On April 5. purchased merchandise from Crane Company for $26,000 on account On April 7, purchased equipment on account for $27,600. 3. On April 8, returned $3,400 of April 5 merchandise to Crane Company. On April 15, paid the amount due to Crane Company in full. 2 4 Prepare a tabular summary to record the transactions listed above for Sheridan Cousing a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. - 45 or parentheses e.s. (45).) Lia Assets Equipment Aci Cash Inv. April 5 $ 7 1 8 15 rk 7 (Chapter 6) -/3 E > Question 1 of 6 View Policies Current Attempt in Progress This information relates to Sheridan Co 1 2 On April. purchased merchandise from Crane Company for $26.000 on account On April 7. purchased equipment on account for $27,600 On April 8.returned $3,400 of April 5 merchandise to Crane Company On April 15, paid the amount due to Crane Company in full 4 Prepare a tabula summary to record the transactions listed above for Sheridan Cousing a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sin preceding the number. -45 or parentheses es. (451 Liabilities Stockholders' Equity Retained Earnings Exp Rev Accts Pay Common Stock $ e Textbook and Media List of Accounts Attempts of 3 used Submit Awer ak 7 (Chapter 6) -/3 > Question 1 of 6 View Policies Current Attempt in Progress This information relates to Sheridan Co. 1. 2 3 4 On April. purchased merchandise from Crane Company for $26.000 on account On April 7.purchased equipment on account for $27.600 On April, returned $3,400 of April 5 merchandise to Crane Company On April 15, paid the amount due to Crane Company in full Prepare a tabula summary to record the transactions listed above for Sheridan Cousing a perpetual triventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sin preceding the number -45 or parentheses (451) Stockholders' Equity Retained Earnings Exp Common Stock Rev. 5 eTextbook and Media List of Accounts Attempts of used Submit Answer 20