liver a product to Waterway Inc. on June 15, 2023. Waterway agrees to pay the full price of $2,230 on July 15, 2023. The cost of goods is $1,350. Crane delivers the product to Waterway on June 15, 2023, and receives payment on July 15, 2023. Prepare the journal entries for Crane related to this contract. (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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation (To record sales) Debit Credit (To record sales) I (To record cost of goods sold) On May 10, 2023, Crane Co. enters into a contract to deliver a product to Waterway Inc. on June 15, 2023. Waterway agrees to pay the full price of $2.230 on July 15, 2023. The cost of goods is $1,350. Crane delivers the product to Waterway on June 15, 2023, and receives payment on July 15, 2023. Prepare the journal entries for Crane related to this contract. (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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation (To record sales) Debit Credit