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Your answer is correct On May 1. Crane Co. sold merchandise on account to Kaneva Inc. for $31.200 terms 2/10, 1/30 Ignore any entries that

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Your answer is correct On May 1. Crane Co. sold merchandise on account to Kaneva Inc. for $31.200 terms 2/10, 1/30 Ignore any entries that affect inventory.cost of goods sold, and refund liability for the purposes of this question. (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) Date Account Titles and Explanation May Accounts Receivable Sales (To record sale on account.) e Textbook and Media List of Accounts - Your answer is partially correct. On June 30. Crane Cocharged Kaneva Inc. one month's interest for the overdue account. Crane charges On overdue accounts. (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.) Date Account Titles and Explanation June 30 (To record interest earned) e Textbook and Media List of Accounts - Your answer is partially correct. Your answer is correct. On May 1, Crane Co. sold merchandise on account to Kaneva Inc. for $31.200, terms 2/10,n/30 Ignore any entries that affect inventory, cost of goods sold, and refund liability for the purposes of this question. (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.) Debit Credit 31200 e Textbook and Media List of Accounts - Your answer is partially correct. On June 30. Crane Co.charged Kaneva Inc. one month's interest for the overdue account. Crane charges 9% on overdue accounts. (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.) Debit Credit

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