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The following transactions are for Larkspur Company. 1. On December 3, Larkspur Company sold $517,200 of merchandise to Crane Co., on account, terms 1/10,n/30. The

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The following transactions are for Larkspur Company. 1. On December 3, Larkspur Company sold $517,200 of merchandise to Crane Co., on account, terms 1/10,n/30. The cost of the merchandise sold was $322,900. 2. On December 8, Crane Co. was granted an allowance of $22,800 for merchandise purchased on December 3 . 3. On December 13, Larkspur Company received the balance due from Crane Co. (a) Prepare the journaftentries to record these transactions on the books of Larkspur Company. Larkspur uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) are automatically inaented when amount is enterea. Vo not indent manually. List all debit entries berore creait entries.)

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