Crane Comparyy is a furniture retailer and uses the perpetual inventory system. On January 14, 2025, Crane purchased merchandise inventory at a cost of 543,500 . Credit terms were 2/10,n/30. The inwentory was sold on account for $70,000 on January 21,2025 Credit terms were 1/10,n/30. The accounts payable was settled on darnary 23, 2025, and the accounts receivableswere settled on danuary 30,2025 . Prepare journal entries to record each of these transactions. (Credit account titles dre outomatically indented when the amount is entered. Do not indent manualiy . Record journal entries in the arder presented in the problem. List debit entries before credit entries. (To record cost of goods sold)