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Crane Company uses a perpetual inventory system and made a purchase of merchandise on credit from Wildhorse Corporation on August 3 , for $9400, terms

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Crane Company uses a perpetual inventory system and made a purchase of merchandise on credit from Wildhorse Corporation on August 3 , for $9400, terms 3/10, n/45. On August 10 , Crane makes the appropriate payment to Widenorse. The entry on August 10 for Crane Compary is. Accounts Payable 9400 Cash 9400 Accounts Payablo 9218 Cash 9118 Accounts Payable Inventory Cash

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