On September 4, Roberta's Knickknacks buys merchandise on account from Crane Company. The selling price of the goods is $700 and the cost of goods is $400. Both companies use the perpetual inventory systems. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) 1. Journalize the transactions on the books of Roberta's Knickknacks. Date Account Titles and Explanation Sept. 4 Debit Credit 2. Journalize the transactions on the books of Crane Company. Date Account Titles and Explanation Debit Credit Sept. 4 [To record credit sale! (To record cost of good sold)