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Business, 16.06.2020 18:57 nkslsj

On October 5, Sheridan Company buys merchandise on account from Crane Company. The selling price of the goods is $6,650, and the cost to Crane Company is $3,060. On October 8, Sheridan Company returns defective goods with a selling price of $980 and a scrap value of $260. Record the transactions of Sheridan Company, assuming a perpetual approach.

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