Question: nment CALCULATOR PRINTER VERSION CALCULATOR BACK Question 15 Crane Company is a furniture retailer and uses the perpetual inventory system. On January 14, 2022, Crane

CALCULATOR BACK Question 15 Crane Company is a furniture retailer and usesthe perpetual inventory system. On January 14, 2022, Crane purchased merchandise inventory

nment CALCULATOR PRINTER VERSION

CALCULATOR BACK Question 15 Crane Company is a furniture retailer and uses the perpetual inventory system. On January 14, 2022, Crane purchased merchandise inventory at a cost of $51,000. Credit terms were 2/10, n/30. The inventory was sold on account for $79,000 on January 21, 2022. Credit terms were 1/10, n/30. The accounts payable was settled on January 23, 2022. and the accounts receivables were settled on January 30, 2022. Prepare joumal entries to record each of these transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titland Explanation (To record credit sale) (To record cost of good sold) 6. 4)) ENG search

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