The following transactions occurred in April and May. Both companies use a perpetual inventory system Apr. 5 6 8 Crane Company purchased merchandise from DeVito Company for $13,000, terms 2/10, 1/30, FOB shipping point DeVito had paid $8,100 for the merchandise, The correct company paid freight costs of $390. Crane Company returned damaged merchandise to DeVito Company and was given a purchase allowance of $1.600 DeVito determined the merchandise could not be repaired and sent it to the recyclers. The merchandise had cont DeVito $997 Crane paid the amount due to DeVito Company in full. May 4 Prepare the journal entries to record the above transactions for Crane Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation Question 8 of 11 Indented when the amount is entered. Do not indent manually. If try is det er or the titles and enter for the amounts. Record journal entries in the order presented in the problem -10 Date Account Titles and Explanation Debit Credit (Purchase on account To record cash payment of freight) To record purchase return . Payment JESHISJES.Peroldic COGS Question 8 of 11 -110 Prepare the journal entries to record the love transactions for Deto Comprw. Credintre Indented when the amount is entered. Do not indent my entry is required. Mentry for the cont titles and enter for the amounts Record journal entries in the ordered in the problem Date Account Titles and Explanation Debit Credit To record sales on account) (To record cost of goods sold) Question 8 of 11 - 10 Collection on account) e Textbook and Media List of Accounts Calculate the gross proht earned by DeVito on these transactions Gross pront $ e Textbook and Media List of Accounts Attempts of used Sub Save for Later