Record Crane Company's journal entries for the following events. Use the following account abbreviations: AR =...

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Record Crane Company's journal entries for the following events. Use the following account abbreviations: AR = accounts receivable; CASH = cash; REV = Sales revenue; ALL = allowance for doubtful accounts; RET = returns; DISC = sales discount. Note: in part c, two accounts are debited. Glven the limitations of Blackboard, it is critical that you enter these two in alphabetical order, for example, ALL before CASH. a. On July 1, Crane Company sold merchandise on account to Stacey Inc. for $28,000, terms 2/10, n/30. Debit: Credit: b. On July 8, Stacey Inc. returned merchandise to Crane Company for a credit refund of $4,000. Debit: Credit: c. On July 11, Stacey Inc. paid for the merchandise. Debit: Debit: Credit: Record Crane Company's journal entries for the following events. Use the following account abbreviations: AR = accounts receivable; CASH = cash; REV = Sales revenue; ALL = allowance for doubtful accounts; RET = returns; DISC = sales discount. Note: in part c, two accounts are debited. Glven the limitations of Blackboard, it is critical that you enter these two in alphabetical order, for example, ALL before CASH. a. On July 1, Crane Company sold merchandise on account to Stacey Inc. for $28,000, terms 2/10, n/30. Debit: Credit: b. On July 8, Stacey Inc. returned merchandise to Crane Company for a credit refund of $4,000. Debit: Credit: c. On July 11, Stacey Inc. paid for the merchandise. Debit: Debit: Credit:

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DISC Sales Returns X Discount 3D 2... View the full answer