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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.

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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. On July 1, Crane Co. sold merchandise on account to Waegelein Inc. for $17,800, terms 4/10, n/30. b. On July 8, Waegelein Inc. returned merchandise worth $3,600 to Crane Co. c. On July 11, Waegelein Inc. paid for the merchandise. Account Titles and Explanation Debit Credit a. b. C

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