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Someone pls help! Thank you The following transactions are for Crane Company. 1. On December A CCrane Company sold $572,300 of merchandise to Blue Co.,
Someone pls help! Thank you The following transactions are for Crane Company. 1. On December A CCrane Company sold $572,300 of merchandise to Blue Co., on account, terms 2/10,n/30,FOB destination. Crane paid $310 for freight charges. The cost of the merchandise sold was $371,400. 2. On December 8, Blue Co. was granted an allowance of $25,300 for merchandise purchased on December 3. 3. On December 13, Crane Company received the balance due from Blue Co. Prepare the journal entries to record these transactions on the books of Crane Company using a perpetual inventory system. (List. all debit entries before credit entries. Credit occount vitles are outomatically indented when amount is entered. Do not indent manually. If no entry is requined, select "No Entry" for the occount titles and enter O for the amounts.). (To record freight charges) 2. 3. eTextbook and Media List of Accounts Assume that Crane Company received the balance due from Blue Co, on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entrles. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts)
Someone pls help! Thank you
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