The following transactions are for Crane Company. 1. On December 3 , Crane Company sold $72,300 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. (a) Prepare the journal entries to record these transactions on the books of Crane Company using a perpetual inventory system. (tist all debit entries before credit entries. Credit account tilles are automatkolly indented when amount is entered. Do not indent manually if no entry ls requined, select "No Entry" for the occount titles and enter ofor the amounts) Assume that Crane Company recelved the balance due from Blue Co. on January 2 of the following vear instead of December 13 . Prepare the joumal entry to record the recelpt of payment on January 2. iCredit account titles are automatically indented when amount is entered. Do notindent manually, List all debit entries before credit enitriex. If no entry is required, select "No Entry' for the 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 account titles are automatically indented when amount is entered, Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts.)