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On May 1, 2025. Crane Company enters into a contract to transfer a product to John Company on September 30, 2025. It is agreed that

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On May 1, 2025. Crane Company enters into a contract to transfer a product to John Company on September 30, 2025. It is agreed that John will pay the full price of $25,070 in advance on June 15.2025, John pays on June 15, 2025, and Crane delivers the product on September 30, 2025. Prepare the journal entries required for Crane in 2025. (Credit occount tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account tities and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)

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