Current Attempt in Progress

On June $10,$ Larkspur Company purchased $$7,200$ of merchandise from Crane Company, on account, terms $3/10,$ n$/30.$ Larkspur pays the freight costs of $$430$ on June $11.$ Goods totaling $$200$ are returned to Crane for credit on June $12.$ On June $19,$ Larkspur Company pays Crane Company in full, less the purchase discount. Both companies use a perpetual inventory system.

$($a$)$

Prepare separate entries for each transaction on the books of Larkspur Company. $($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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

$$

$$

$$