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The following transactions are for Larkspur Company. 1. On December 3, Larkspur Company sold $517.200 of merchandise to Crane Co, on account, terms 1/10,n/30. The cost of the merchandise sold was $322,900. 2. On December 8, Crane Co. was granted an allowance of $22,800 for merchandise purchased on December 3. 3. On December 13, Larkspur Company recelved the balance due from Crane Co. (a) Prepare the journal entries to record these transactions on the books of Larkspur Company. Larkspur uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automotically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. (To record sale of merchandise on account) (To record cost of merchandise sold) 2. 3