Concord Co$.$ uses the net method to account for cash discounts. On June $1,2020,$ it made sales of $$63,100$ with terms $\frac{3}{15},\frac{n}{45}.$ On June $12,2020,$ Concord received full payment for the June $1$ sale.

Prepare the required journal entries for Concord Co$.($If no entry Is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credlt account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entrles in the order presented in the problem.$)$

Sales Revenue

Cash

Accounts Receivable