Crane Co$.$ uses the net method to account for cash discounts. On June $1,2020,$ it made sales of $\backslash (\backslash$$ $63,100\backslash )$ with terms $\backslash (3/15\backslash ),\backslash ($ n $/45\backslash ).$ On June $12,2020,$ 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 amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit