Question: Current Attempt in Progress Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory system. ( If no
Current Attempt in Progress Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory system. 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.a OnMarch Crane Company sold $ of merchandise to Larkspur Company on account, terms n The cost of the merchandise sold was $ b On March Larkspur Company returned $ of the merchandise purchased on March The cost of the merchandise returned was $ c On March Crane Company received the balance due from Larkspur Company.
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