Exercise 5-05 (Part Level Submission) On June 10, Larkspur Company purchased $8,300 of merchandise from Crane Company, on account, terms 1/10, 1/30. Larkspur pays the freight costs of $440 on June 11. Goods totaling $700 are returned to Crane for credit on June 12. On June 19, Larkspur Company pays Crane Company in full, less the purchase discount. Both companies use perpetual Inventory system. (a) Your answer is partially correct. Try again. Prepare separate entries for each transaction on the books of Larkspur Company. (Il no entry is required, select "No Entry for the account bites and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indentally Record fournal entries in the order presented as the problem.) Date Account Titles and Explanation Debit Credit June 10 inventory 6600 Accounts Payable inventory CALCULATOR CES June 117 Inventory 350 Cash 350 June 127 Accounts Payable 300 sudy Tnventory 300 June 19 Accounts Payable 6300 Trventory 252 Cash 6048