Your answer is correct. On May 1, Fowler Co. sold merchandise on account to Kaneva Inc. for $30,000, terms 2/10, n/30. Ignore any entries that affect inventory and cost of goods sold for 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 0 for the amounts.) Date Account Titles and Explanation Debit Credit May 1 Accounts Receivable 30000 Sales 30000 Your answer is partially correct. Try again. On June 30, Fowler Co. charged Kaneva Inc. one month's interest for the overdue account Fowler 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 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit June 30 Accounts Receivable 33000 Interest Revenue 33000