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On June 10, Larkspur Company purchased $6,100 of merchandise from Crane Company, on account, terms...

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Accounting

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On June 10, Larkspur Company purchased $6,100 of merchandise from Crane Company, on account, terms 2/10,n/30. Larkspur pays the freight costs of $360 on June 11. Goods totaling $400 are returned to Crane for credit on June 12 . On June 19 , Larkspur Company pays Crane Company in full, less the purchase discount. Both companies use a perpetual inventory system. (a) Prepare separate entries for each transaction on the books of Larkspur Company. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)

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