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Business, 11.03.2020 21:54 makaylahunt

Use a tabular summary to record the following transactions for Crane Company using a perpetual inventory system. (a) On March 2, Crane Company sold $901,300 of merchandise to Sheridan Company on account. The cost of the merchandise sold was $559,000. (b) On March 6, Sheridan Company returned $117,700 of the merchandise purchased on March 2. The cost of the merchandise returned was $66,800. (c) On March 12, Crane Company received the balance due from Sheridan Company.

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Use a tabular summary to record the following transactions for Crane Company using a perpetual inven...
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