Your answer is partially correct.

On March $2,$ Sheridan Company sold $$995,000$ of merchandise on account to Concord Company, terms $2/10,$ n$/30.$ The cost of the

merchandise sold was $$575,000.($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 $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

$($To record credit sale$)$

Cost of Goods Sold

$($To record cost of merchandise sold$)$

eTextbook and Media

List of Accounts