INTER doc View Policies Current Attempt in Progress Crane Company buys merchandise on account from Larkspur Company. The selling price of the goods is $1,180 and the cost of the goods sold is $605. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies. (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. List all debit entries before credit entries.) Account Titles and Explanation Crane Company Debit Credit Larkspur Company