Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory system. (a) On March 2, Sheridan Company sold $881, 500 of merchandise to Crane Company, terms 3/10, n/30. The cost of the merchandise sold was $519, 100. (b) On March 6, Crane Company returned $100, 400 of the merchandise purchased on March 2. The cost of the merchandise returned was $68, 800. (c) On March 12, Sheridan Company received the balance due from Crane Company