Your answer is partially correct. The following transactions are for Crane Company. 1. 2. On December 3, Crane Company sold $410,000 of merchandise to Cullumber Co. on account. The cost of the merchandise sold was $270,600. On December 8, Cullumber Eco. returned $20,500 of merchandise purchased on December 3. The cost of the goods was $13,120. On December 13, Crane Company received the balance due from Cullumber Co. 3. Prepare a tabular summary to record these transactions for Crane Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Assets Accts. Rec. Date Cash Inventory 1 o search c hp 100 UNJ ULJesent-player/index.html?launchid=4a69f4ed-df06-4e9a-b539-a685e5f60ce... 4 Homework: Chapter 6 Question 2 of 4 5.95/14 Prepare a tabular summary to record these transactions for Cullumber Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses es. (45)) Assets Lia Date Cash Accts. Rec. A Inventory Dec. 3 $ $ $ $ 8 13 e Textbook and Media Type here to search O c 3 000 ENG 10 Prepare a tabular summary to record these transactions for Cullumber Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg.(45).) Liabilities Stockholders' Equity Retained Earnings Accts Pay. Common Stock Rev. Exp. $ $ e Textbook and Media earch O hip Stockholders' Equity Retained Earnings Exp. ta med Sales revenue Cost of goods sold Bad debt expense Accounts recievable Sales returns & allowances no 0))