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Business, 05.11.2019 06:31 juliaduenkelsbu

1. on december 3, crane company sold $572,300 of merchandise on account to blue co., terms 3/10, n/30, fob destination. crane paid $310 for freight charges. the cost of the merchandise sold was $371,400. 2. on december 8, blue co. was granted an allowance of $25,200 for merchandise purchased on december 3. 3. on december 13, crane company received the balance due from blue co. prepare the journal entries to record these transactions on the books of crane company using a perpetual inventory system.

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1. on december 3, crane company sold $572,300 of merchandise on account to blue co., terms 3/10, n/3...

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