rt Level Submission) Prepare the journal entries to record the following transactions on Crane Company's books using a perpetual inventory system. (a) CALCULATOR PRINTER VERSION BACK On March 2, Crane Company sold $842,000 of merchandise on account to Blue Company, terms 2/10, n/30. The cost of the merchandise sold was $582,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation (To record credit sale) (To record cost of merchandise sold) Click if you would like to Sh Debit Credit