This information relates to Crane Co. 1. 2. 3. On April 5, purchased merchandise on account from Swifty Company for $23,000, terms 3/10, net/30, FOB shipping point. On April 6, paid freight costs of $890 on merchandise purchased from Swifty Company. On April 7, purchased equipment on account for $31,600. On April 8, returned some of April 5 merchandise, which cost $3,100, to Swifty Company. On April 15, paid the amount due to Swifty Company in full. 4. 5. (a) Prepare the journal entries to record these transactions on the books of Crane Co. using a periodic inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit uaries/sctimes/