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Crane's Market recorded the following events involving a recent purchase of inventory: (1) Received goods for $8,800, terms 2/10,n/30. (2) Returned $176 of the shipment
Crane's Market recorded the following events involving a recent purchase of inventory: (1) Received goods for $8,800, terms 2/10,n/30. (2) Returned $176 of the shipment for credit. (3) Paid $44 freight on the shipment. (4) Paid the invoice within the discount period. Use the following tabular analysis to record these transactions. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answers to 0 decimal places, e.g. 5,275.)
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