This information relates to Crane Co. 1. 2. 3. 4. 5. On April 5, purchased merchandise from Monty Company for $24,800 on account, terms 3/10, net/30, FOB shipping point. On April 6, paid freight costs of $920 on merchandise purchased from Monty Company. On April 7, purchased equipment on account for $35,600. On April 8, returned $3,500 of the April 5 merchandise to Monty Company. On April 15, paid the amount due to Monty Company in full. Prepare the journal entries to record these transactions on the books of Crane Co. using a periodic inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation 4 Debit Credit Ac Qu Acc Vie 7 Acc Qu Acco Que Accou Que Accou

This information relates to CraneCo. 1. On April 5, purchased merchandise from Monty Company for $24,800 or account, terms 3/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $920 on merchandise purchased from Monty Company. 3. On April 7, purchased equipment on account for $35,600. 4. On April 8, returned $3,500 of the April 5 merchandise to Monty Company. 5. On April 15, paid the amount due to Monty Company in full. Prepare the journal entries to record these transactions on the books of Crane Co, using a periodic inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.)