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Prepare the journal entries to record the following transcations on Crane Company's books using the perpetual inventory system. On March 2, Cane Company sold $890,000

Prepare the journal entries to record the following transcations on Crane Company's books using the perpetual inventory system. On March 2, Cane Company sold $890,000 of merchandise on account to Pronghorn Comapny, terms 3/10, n/30. The cost of the merchandise sold was $593,000

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