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On October 5, Crane Company buys merchandise on account from Blue Company. The selling price of the goods is 55.430 and the cost to Blue

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On October 5, Crane Company buys merchandise on account from Blue Company. The selling price of the goods is 55.430 and the cost to Blue Compary is $2,590. On October B. Crane returns defective goods with a selling price of $660 and a fair value of $145. Record the transactions on the books of Crane Company using the perpetual inventory system. (List oll debit entries before credit entries. Credit occount tibles are automaticully indented when amount is entered, Do not indent manually if no entry is required, select "No Entry" for the occount tities and enter of for the amounts )

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