Sheridan Co accounting. I need your help please just with finding the answers fo

Question

Sheridan Co accounting.
I need your help please just with finding the answers for those two boxes ...

This information relates to Sheridan Co.. 1. On April 5, purchased merchandise from Crane Company for $27,600, terms 3/10, n/30 2. On April 6, paid freight costs of $770 on merchandise purchased from Crane Company. On April 7, purchased equipment on account for $34,300 4. On April 8, returned $5,300 of April 5 merchandise to Crane Company. 5. On April 15, paid the amount due to Crane Company in full

Explanation / Answer

No. Date Account Titles and Explanation Debit Credit 5. April 15 Accounts payable ($27600 - $5300) 22300 Cash 21631 Inventory (3% x $22300) 669

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