View Policies Current Attempt in Progress The following transactions are for Crane Company. 1. 2. 3. On December 3, Crane Company sold $668,300 of merchandise to Pronghorn Co., on account, terms 2/10, n/30, FOB destination. Crane paid $440 for freight charges. The cost of the merchandise sold was $371,500. On December 8, Pronghorn Co. was granted an allowance of $26,300 for merchandise purchased on December 3. On December 13, Crane Company received the balance due from Pronghorn Co. (a) Prepare the journal entries to record these transactions on the books of Crane Company using a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)