Current Attempt in Progress Record the following transactions on the books of Crane Company (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually) (a) (5) (c) On July 1, Crane Company sold merchandise on account to Stacey Inc. for $25,200, terms 4/10, 1/30. On July 8. Stacey Inc returned merchandise worth $2,500 to Crane Company On July 11. Stacey Inc. paid for the merchandise. No. Date Account Titles and Explanation Debit Credit (a) (b) (c) July 11