Question: Please answer problem #3, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Sheridan Company buys merchandise on account from Skysong Company. The selling price

Please answer problem #3, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

Sheridan Company buys merchandise on account from Skysong Company. The selling price of the goods is $915 and the cost of the goods sold is $635. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Sheridan Skysong (To record sale of merchandise)

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