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Question 2 of 10 1.2/3 III View Policies Show Attempt History Current Attempt In Progress On June 3. Crane Company sold to Chester Company merchandise having a sale price of $5.200with terms of2/10.1/60, f.0.b. shipping point. An invoice totaling $97, terms 1/30, was received by Chester on June 8 from John Booth Transport Service for the freight cost. On June 12, the company received a check for the balance due from Chester Company. (a) a) - Your answer is partially correct. Prepare journal entries on the Crane Company books to record all the events noted above under each of the following bases. (1) Sales and receivables are entered at gross selling price. (2) Sales and receivables are entered at net of cash discounts. of no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit ne 3 Accounts Recelvable 5200 Sales Revenue 5200 12 cash Sales Discounts 208 Accounts Receivable 5200 ne 3 > Accounts Receivable Sales Revenue 4992 ne 12 cash 4992 Accounts Recevable 4992