Crane Co$.$ uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledgers for Crane are indicated in the working papers presented below. Also following are a series of transactions for Crane Co$.$ for the month of January. Credit sales terms are $\frac{2}{10},\frac{n}{30}.$ The cost of all merchandise sold was $60\%$ of the sales price.

$\backslash$table$[[$GENERAL LEDGER$],[\backslash$table$[[$Account$],[$Number$]],$Account Title,$\backslash$table$[[$January $1],[$Opening Balance$]]],[101,$Cash,$$33,250$