On May 1, 2020, Crane Company enters into a contract to transfer a product to Waterway Company on September 30, 2020. It is agreed that Waterway will pay the full price of $26,090 in advance on June 15, 2020. Waterway pays on June 15, 2020, and Crane delivers the product on September 30, 2020 which cost $18,000. Prepare the journal entries required for Crane on May 1, June 15, and September 30, 2020. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record sales revenue) (To record cost of goods sold)