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Gurrent Attempt in Progress The following transactions are for Crane Company. 1. On December 3, Crane Company sold $630,000 of merchandise to Cullumber Co. on
Gurrent Attempt in Progress The following transactions are for Crane Company. 1. On December 3, Crane Company sold $630,000 of merchandise to Cullumber Co. on account. The cost of the merchandise sold was $415,800 2. On December 8, Cullumber Co. returned $31,500 of merchandise purchased on December 3 . The cost of the goods was $20,160. 3. On December 13, Crane Company received the balance due from Cullumber Co. Prepare a tabular summary to record these transactions for Crane Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) The following transactions are for Crane Company. 1. On December 3, Crane Company sold $630,000 of merchandise to Cullumber Co. on account. The cost of the merchandise sold was $415,800. 2. On December 8 , Cullumber Co. returned $31,500 of merchandise purchased on December 3 . The cost of the goods was $20,160. 3. On December 13, Crane Company received the balance due from Cullumber Co. Prepare a tabular summary to record these transactions for Crane Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).)
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