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Beginning Inventory Cost of Goods Available for Sale Purchases Ending Inventory $84,700 $102,700 $ $ $54,400 $ $113,000 $33,2 $112.000 $153,000 $29,2 Determine the missing amounts. 15 Revenue Cost of Goods Sold Gross Profit Operating Expenses $77,500 $ $36,300 $ $108,300 $71,800 $ $ I $72,700 $83,900 $42,200 Question Crane Company buys merchandise on account from Pronghorn Company. The selling price of the goods is $1,350, and the cost of the goods is $940. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Account Titles and Explanation Crane Company (To record credit purchase of inventory) Pronghorn Company I (To record credit sale) (To record cost of merchandise sold) On March 2, Crane Company sold $890,000 of merchandise on account to Pronghorn Company, terms 3/10,n/30. The cost of the merchandise sold was $593,000. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit (To record credit sale) 1 (To record cost of merchandise sold) Tevtheanna Beginning Inventory Cost of Goods Available for Sale Purchases Ending Inventory $84,700 $102,700 $ $ $54,400 $ $113,000 $33,2 $112.000 $153,000 $29,2 Determine the missing amounts. 15 Revenue Cost of Goods Sold Gross Profit Operating Expenses $77,500 $ $36,300 $ $108,300 $71,800 $ $ I $72,700 $83,900 $42,200 Question Crane Company buys merchandise on account from Pronghorn Company. The selling price of the goods is $1,350, and the cost of the goods is $940. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Account Titles and Explanation Crane Company (To record credit purchase of inventory) Pronghorn Company I (To record credit sale) (To record cost of merchandise sold) On March 2, Crane Company sold $890,000 of merchandise on account to Pronghorn Company, terms 3/10,n/30. The cost of the merchandise sold was $593,000. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit (To record credit sale) 1 (To record cost of merchandise sold) Tevtheanna