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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

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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. Prepare the journal entries 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 occount tities and enter O for the amounts. Credit account titles are automotically indented when amount is entered. Do not indent manually. List all debit entries before credit entries)

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