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The following transactions are for Crane Beasty Supply Company (1) On December 3, Crane Beauty Supply Company sold $467,000 of merchandise to Sally Co terms

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The following transactions are for Crane Beasty Supply Company (1) On December 3, Crane Beauty Supply Company sold $467,000 of merchandise to Sally Co terms 1/10, n/30. The cost of the merchandise sold was $338,000. (2) On December 8, Sally Ca. was granted an allowance of $22,000 for merchandise purchased on December 3 , (3) On December 13, Crane Beauty 5 upply received the balance due from Sally Co. (a) Prepare the journat entries to record these transactions on the books of Crane Beauty Supply, Craneuses a perpetual irventory system (Credit occount tities are eutomatically indented when the amount is entered. Do not indent manualiy Recard journal entries in the order presented in the problem. 91:51:16 Question 23 of 24 (To recond credt salie) (To record cost of pood sold)

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