On March 2, Crane Company sold $850,000 of merchandise on account to Blue Company, terms 2/10, n/30. The cost of the merchandise sold was $587,000. (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 Accounts Receivable Sales Revenue (To record credit sale) Cost of Goods Sold Inventory Debit 850000 587000 Credit 850000 587000 On March 6, Blue Company returned $85,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $61,600. (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 Sales Returns and Allowances Accounts Receivable (To record merchandise returned) Inventory Cost of Goods Sold Debit 85000 61600 Credit 85000 61600 On March 12, Crane Company received the balance due from Blue Company. (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