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Question 3 of 16 > View Policies Current Attempt in Progress Presented below are transactions related to Crane Gourmet. 1. On December 3, Crane sold HK$644,700 of merchandise on account to Blue Ltd., terms 4/10,n/30, FOBS cost of the merchandise sold was HK$363,600. 2. On December 8, Blue was granted an allowance of HK$27,400 for merchandise purchased on December 3. 3. On December 13, Crane received the balance due from Blue. Prepare the journal entries to record these transactions on the books of Crane, using a perpetual inventory system account titles are automatically indented when amount is entered. Do not indent manually. If no entry select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit 1. (To record credit sale) (To record cost of merchandise sold) 2. 3. Question 3 of 16 > View Policies Current Attempt in Progress Presented below are transactions related to Crane Gourmet. 1. On December 3, Crane sold HK$644,700 of merchandise on account to Blue Ltd., terms 4/10,n/30, FOBS cost of the merchandise sold was HK$363,600. 2. On December 8, Blue was granted an allowance of HK$27,400 for merchandise purchased on December 3. 3. On December 13, Crane received the balance due from Blue. Prepare the journal entries to record these transactions on the books of Crane, using a perpetual inventory system account titles are automatically indented when amount is entered. Do not indent manually. If no entry select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit 1. (To record credit sale) (To record cost of merchandise sold) 2. 3