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On March 2, Crane Company sold $842,000 of merchandise on account to Blue Company, terms 2/10, 1/30. The cost of the merchandise sold was $582,000.

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On March 2, Crane Company sold $842,000 of merchandise on account to Blue Company, terms 2/10, 1/30. The cost of the merchandise sold was $582,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold) SHOW LIST OF ACCOUNTS On March 6, Blue Company returned $84,200 of the merchandise purchased on March 2. The cost of the returned merchandise was $54,700. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record merchandise returned) (To record cost of merchandise returned)

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