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Prepare separate entries for each transaction for Crane Company. The merchandise purchased by Crane Company on June 10 cost McGiver $2.440, and the goods returned

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Prepare separate entries for each transaction for Crane Company. The merchandise purchased by Crane Company on June 10 cost McGiver $2.440, and the goods returned cost Crane Company $270. (If no entry is required, select "No entry" for the occount titles and enter 0 for the amounts. Credit account titles are automotically indented when amount is entered. Do not indent manually. Racnud inumal entries in the onder nresented in the oroblem.] Prepare separate entries for each transaction for Crane Company. The merchandise purchased by Crane Company on June 10 cost McGiver $2,440. and the goods returned cost Crane Company $270. (If no entry is required, select "No entry" for the occount titles and enter 0 for the amounts. Credit occount titles are automatically indented when amount is entered, Do not indent manually. Record journol entries in the order presented in the problem. D (To record credit sale) Cost of Goods Sold Inventory 2440 (To record cost of goods sold) NoEntry No Entry June 12 Sales Returns and Allowances Accounts Receivable (To record credit sale) Inventory Cost of Goods Sold 270 (To record cost of goods returned) 1e 19 5ales Discounts Accounts Receivable

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