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View Policies Current Attempt in Progress This information relates to Crane Co. ...

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Accounting

View Policies
Current Attempt in Progress
This information relates to Crane Co.
On April 5, purchased merchandise from Sheridan Company for $29,600 on account.
On April 7, purchased equipment on account for $31,200.
On April 8, returned $4,000 of April 5 merchandise to Sheridan Company.
On April 15, paid the amount due to Sheridan Company in full.
Prepare a tabular summary to record the transactions listed above for Crane Co. using a perpetual inventory system. (Enter negative
amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).)
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