Record the following transactions on the books of Crane Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) a b. On July 1, Crane Co. sold merchandise on account to Waegelein Inc. for $17,800, terms 4/10, n/30. On July 8, Waegelein Inc. returned merchandise worth $3,600 to Crane Co. On July 11, Waegelein Inc. paid for the merchandise. C. Account Titles and Explanation Debit Credit a. Accounts Receivable 17800 Sales Revenue 17800 b. Sales Returns and Allowances 3600 Accounts Receivable 3600 X C. Cash 14200 Sales Discounts 428 Accounts Receivable 21400 Click if you would like to Show Work for this question: Open Show Work