View Policies Current Attempt in Progress Crane distributes suitcases to retail stores and extends credit terms of 1/10,n/30 to all of its customers. At the end of June, Crane's inventory consisted of suitcases costing 1,500. During the month of July, the following merchandising transactions occurred. July 1 3 9 12 Purchased suitcases on account for 1,800 from Trunk Manufacturers FOB destination, terms 2/10, 1/30. The appropriatd party also made a cash payment of 100 for freight on this date. Sold suitcases on account to Satchel World for 2,600. The cost of suitcases sold was 1,500. Paid Trunk Manufacturers in full. Received payment in full from Satchel World. Sold suitcases on account to Lady GoGo for 1,500. The cost of the suitcases sold was 990. Purchased suitcases on account for 1,600 from Holiday Manufacturers, FOB shipping point terms 1/10./30. The appropriate party also made a cash payment of 130 for freight on this date. Received 320 credit (including freight) for suitcases returned to Holiday Manufacturers. 17 18 20 21 Derivedumentin full fremadura -75 Question 3 of 3 21 Received payment in full from Lady GoGo. 22 30 Sold suitcases on account to Vagabond for 2.200. The cost of suitcases sold was 1,300 Paid Holiday Manufacturers in full. Granted Vagabond 290 credit for suitcases returned costing 120. 31 Crane's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 201 Accounts Payable, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, No. 414 Sales Discounts and No. 505 Cost of Goods Soid. Journalize the transactions for the month of July for Crane using a perpetual 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. If no entry is required. select "No Entry" for the account titles and enter for the amounts.) Credit Debit Date Account Titles and Explanation IT