record the transaction in C.Books

Crane Company commenced operations on July 1. Crane Company uses a periodic inventory system. During July, Crane Company was involved in the following transactions and events: July 2 Purchased $14,600 of merchandise from Suppliers inc. on account, terms 2/10,n/30, FOB shipping point. 3 Returned \$1,200 of merchandise to Suppliers Inc. as it was damaged. Received a credit on account from Suppliers. 4 Paid $590 of freight costs on July 2 shipment. 8 Sold merchandise for $2,300 cash. 11 Paid Suppliers Inc, the full amount owing. 15 Sold merchandise for $6,000 on account, 1/10,n/30, FOB shipping point. 25 Received full payment for the merchandise sold on July 15. 31 Crane did a physical count and determined there was $10,500 of inventory on hand. 2,300 (To record sales on account.) 2.300 Sales Accounts Payable Cash 13,400 Purchase Discounts (Payment on account.) 13,400 July 15 Accounts Recelvable Sales (To record sales on account.) 6.000 Cash 6,000 Sales Discounts 6,000 Accounts Recelvable (Collection on account.)