Jans Corp. uses the gross method to record sales made on credit. On June 1, the company made sales of $48,000 with terms 1/15, n/45. On June 12, Jans received full payment for the June 1 sale. Prepare the required journal entries for Jans Corp. (Credit account titles are automatically indented when 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

_____________

_____________

(To record sales revenue)

June 12 _______________

_______________________

______________________-

(To record cash received)