Record Crane Companys journal entries for the following events. Use the following account abbreviations: AR = accounts receivable; CASH = cash; REV = Sales revenue; ALL = allowance for doubtful accounts; RET = returns; DISC = sales discount.

Note: in part c, two accounts are debited. GIven the limitations of Blackboard, it is critical that you enter these two in alphabetical order, for example, ALL before CASH.

1. On July 1, Crane Company sold merchandise on account to Stacey Inc. for $28,000, terms 2/10, n/30. Debit: Credit:
2. On July 8, Stacey Inc. returned merchandise to Crane Company for a credit refund of $4,000. Debit: Credit:
3. On July 11, Stacey Inc. paid for the merchandise. Debit: Debit: Credit: