make a journel entries put values in credit or debit

Record the following transactions on the books of Crane Co.: Your answer is correct. On May 1, Crane Co. sold merchand ise on account to Kaneva Inc. for $31,200, terms 2/10, n/30. Ignore any entries that affect inventory, cost of goods sold, and refund liability for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit May 1 Accounts Receivable 31200 Sales (To record sale on account.) On June 30, Crane Co. charged Kaneva Inc. one month's interest for the overdue account. Crane charges 9% on overdue accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit June 30 Accounts Receivable 234 Interest Revenue (To record interest earned.) Ch70000T-niaannou CL On July 5, Kaneva paid the amount owing to Crane Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit July 5 Cash 31200 Accounts Receivable (Collection on account.)