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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,
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, Rist alf debi tentries befone credit entries. Credit account titles are autamatically indented when amount is entered. Do not indent mapually. If no entry is requlred, select "No Entry' for the account titles and enter O for the amounts) Wildhorse Company buys merchandise on account from Swifty Compary. The selling price of the goods is $1,190, and the cost of the goods is $820. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies. (List all debit entries before credit entries. Credit occount tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts) Ch5: OSL0-18-Record sales under a perpetual inventory system. Question 1 of 3 18 (To record credit purchase of inventory) Swifty Company (To record credit sale) (To record cost of merchandise sold) eTextbook and Media Uist of Accounts Attempts 0 of 4 used Stomit Amwer
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