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Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory system. ( a ) On March 2 ,
Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory system. a On March Crane Company sold $ of merchandise on account to Pronghorn Company, terms The cost of the merchandise sold was $List all debit entries before credit ent amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter O for the amounts. Account Titles and Explanation Debit Credit To record credit sale To record cost of merchandise sold
Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory system.
a
On March Crane Company sold $ of merchandise on account to Pronghorn Company, terms The cost of the merchandise sold was $List all debit entries before credit ent amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter O for the amounts.
Account Titles and Explanation
Debit
Credit
To record credit sale
To record cost of merchandise sold
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