Question: please do it correctly will upvote On December 1,2022 , Crane Company had the account balances shown below. (4,000$0.60) The following transactions occurred during December:

 please do it correctly will upvote On December 1,2022 , Crane

Company had the account balances shown below. (4,000$0.60) The following transactions occurred

please do it correctly will upvote

On December 1,2022 , Crane Company had the account balances shown below. (4,000$0.60) The following transactions occurred during December: Dec. 3 Purchased 4,200 units of inventory on account at a cost of $0.74 per unit. 5 Sold 4,600 units of inventory on account for $0.90 per unit. (Crane sold 4,000 of the $0.60 units and 600 of the $0.74. ) 7 Granted the December 5 customer $201 credit for 200 units of inventory returned costing $134. These units were returned to inventory. 17 Purchased 2,200 units of inventory for cash at $0.80 each. 22 Sold 3,100 units of inventory on account for $0.95 per unit. (Crane sold 3,100 of the $0.74 units.) Adjustment data: 1. Recognized accrued salaries payable $600. 2. Recognized depreciation $240 per month. Journalize the December transactions and adjusting entries, assuming Crane uses the perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the

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