Question 1 View Policies Current Attempt in Progress Prepare the journal entries to record the following transactions on Pronghorn Company's books under a perpetual inventory system On March 2. Crane Company sold $891,000 of merchandise on account to Pronghorn Company, terms 4/10,n/30. The cost of the merchandise sold was $593,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Type here to search o e 1 m 2 3.02 PM AD 400 On March 6, Pronghorn Company returned $89,100 of the merchandise purchased on March 2. The cost of the returned merchandise was $61,900. (Credit account tities are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit On March 12. Crane Company received the balance due from Pronghorn Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 3:04 PM D400 /24/2020 Type here to search o B e