Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory system. On March 2, Crane Company sold $999,000 of merchandise on account to Blue Company, terms 3/10, n/30. The cost of the merchandise sold was $523,000. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Account Titles and Explanation Debit Credit Inventory 999,000 (To record credit sale) (To record cost of merchandise sold) SHOW LIST OF ACCOUNTS On March 6, Blue Company returned $99,900 of the merchandise purchased on March 2. The cost of the returned merchandise was $55,400. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Account Titles and Explanation Debit Credit (To record merchandise returned) (To record cost of merchandise returned) On March 12, Crane Company received the balance due from Blue Company. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Account Titles and Explanation Debit Credit