View Policies Current Attempt in Progress Record the following transactions on the books of Wildhorse Co.: On May 1, Wildhorse Co.sold merchandise on account to Kaneva Inc. for $27,600,terms 2/10,1730. 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 entero for the amounts.) Debit Credit Date Account Titles and Explanation May 1 (To record sale on account.) On June 30, Wildhorse Co. charged Kaneva Inc. one month's interest for the overdue account. Wildhorse charges 10% 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 for the amounts) Date Account Titles and Explanation June 30 Debit Credit (To record interest earned) eTextbook and Media List of Accounts On July 5, Kaneva paid the amount owing to Wildhorse 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 for the amounts.) Date Account Titles and Explanation Julys Debit Credit Collection on account.) e Textbook and Media List of Accounts