Question 2 View Policies Current Attempt in Progress Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory systern. ilf no entry is required, select "No Entry"for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered Do not indent manually. Record journal entries in the order presented in the problem (a) On March 2, Crane Company sold 5889,700 of merchandise to Sheridan Company, terns 3/10, 1/30. The cost of the merchandisesold was $586,400. (b) On March 6, Sheridan Company returned $117,700 of the merchandise purchased on March 2. The cost of the merchandise returned was $63,800. (0) On March 12, Crane Company received the balance due from Sheridan Company