Prepare the journal entries to the following purchase transaction in Crane Company's books. Crane uses a perpetual inventory system.

Prepare the journal entries to record the following purchase transactions in One Company's books are uses a perpentory system M12 Crane purchased $17,000 of merchandise from or com, terms 2/10, FOB destination 13 The correct company asht costs of $105 14 Crane returned $1.500 of the merchandise purchased on March 12 because it was damaged 21 One pathenewing to Do (Credit units are called when the amount is entered. Do not identually. If no entry is requirectory for the leader for the word journa entries in the order presented in the problems C Max. 12 Merchandise inventory 17. Accounts Payable 17.000 Merchandise Inventory List of Accounts Brief Exercise 5-5 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Accumulated Depreciation - Furniture Advertising Expense Building Cash Cost of Goods Sold Current Portion of Mortgage Payable Current Portion of Non-Current Notes Payable Depreciation Expense Freight In Freight Out Furniture Income Summary Insurance Expense Interest Expense Interest Payable Interest Revenue Merchandise Inventory No Entry Notes Payable Owner's Capital Owner's Drawings Prepaid Insurance Property Tax Expense Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Rent Revenue Salaries Expense Salaries Payable Sales Sales Discounts Sales Returns and Allowances Short-Term Investments Supplies Supplies Expense Telephone Expense Unearned Revenue Utilities Expense