Waterway Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $67,400 with terms 3/15, n/45. On June 12, 2017, Waterway received full payment for the June 1 sale. Prepare the required journal entries for Waterway Co. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Brief Exercise 7-2 Waterway Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $67,400 with terms 3/15, n/45. On June 12, 2017, Waterway received full payment for the June 1 sale. Prepare the required journal entries for Waterway Co. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually.) ct "No Entry" for the account titles and enter O foi Date Account Titles and Explanation Debit Credit June 1 June 12 Click if you would like to Show Work for this question: Open Show Work