Crane Industries purchased $$12,500$ of merchandise on February $1,2025,$ subject to a trade discount of $10\%$ and with credit terms

of $\frac{3}{15},\frac{n}{60}.$ It returned $$2,500($gross price before trade or cash discount$)$ on February $4.$ The invoice was paid on February $13.$

$($a$)$

Your answer is correct.

Assuming that Crane uses the perpetual method for recording merchandise transactions, record the purchase, return, and

payment using the gross method. $($If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Round

answers to $2$ decimal places, e$.$g$.6,578\mathrm{.}25.$ Credit account titles are automatically indented when amount is entered. Do not indent

manually. List all debit entries before credit entries.$)$