The following transactions are for Larkspur Company. 1. On December 3, Larkspur Company sold $519,300 of merchandise to Crane Co., on account, terms 2/10, n/30. The cost of the merchandise sold was $329,200. 2. On December 8, Crane Co. was granted an allowance of $24,100 for merchandise purchased on December 3. 3. On December 13, Larkspur Company received the balance due from Crane Co.