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3C Cloudy Current Attempt in Progress On July 10, 2023, Crane Ltd. sold GPS systems to retailers on account for a selling price of

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3C Cloudy Current Attempt in Progress On July 10, 2023, Crane Ltd. sold GPS systems to retailers on account for a selling price of $1,060,000 (cost $848,000). Crane grants the right to return systems that do not sell in three months following delivery. Past experience indicates that the normal return rate is 15%. By October 11, 2023, following the collection on account, retailers returned systems to Crane and were granted credits of $88,000. The company follows IFRS. (a) Prepare Crane's journal entries to record the sale on July 10, 2023. (Credit account titles are automatically indented when the 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. List all debit entries before credit entries.) Date Account Titles and Explanation July 10, 2023 Q Search DELL Debit Credit SUPPORT ENG IN 7:22 PM 12/10/2023

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