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all 3 entries please Prepare the journal entries to record these transactions on Crane Company's books using a periodic inventory system. (If no entry is
all 3 entries please
Prepare the journal entries to record these transactions on Crane Company's books using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem.) (a) On March 2. Crane Company purchased $894,500 of merchandise from Larkspur Company, terms 3/10, n/30. (b) On March 6, Crane Company returned $105,600 of the merchandise purchased on March 2. (c) On March 12, Crane Company paid the balance due to Larkspur Company Step by Step Solution
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