Question: 2 Crane Co. uses the net method to account for cash discounts. On June 1,2025 , it made sales of $59,000 with terms 3/15,n/45. On

2 2 Crane Co. uses the net method to account for cash discounts.

Crane Co. uses the net method to account for cash discounts. On June 1,2025 , it made sales of $59,000 with terms 3/15,n/45. On June 12, 2025, Crane received full payment for the June 1 sale. Prepare the required journal entries for Crane Co. (If no entry is required, select "No Entry" for the account titles and enter O for the credit entries. Record journal entries in the order presented in the problem.)

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