Presented below is information related to Crane Co. 1. On April 5, purchased merchandise from Garcia Company for $20,500, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $600 on merchandise purchased from Garcia. 3. On April 7, purchased equipment on account from Holifield Mfg.Co. for $18,400. 4. On April 8, returned merchandise, which cost $4,800, to Garcia Company. 5. On April 15, paid the amount due to Garcia Company in full. Gent CALCULATOR PRINTERVE Prepare the journal entries to record these transactions on the books of Crane Co. using a periodic inventory system. (Credit account indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account it amounts.) No. Date Account Titles and Explanation Debit Credit 2. S. Assume that Crane Co. paid the balance due to Garcia Company on May 4 instead of April 15. Prepare the journal entry to record titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit