customer received a $45 award at the time of sale that can be used at a future date on any Court Company merchandise. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Apr. 1 Cash $160 $110 Cost of Goods Sold $105 $105 Unearned Revenue $50 $55 Cost of Goods Sold 24 $242 Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Final Check More Info Court Company sold merchandise inventory for $160. The cost of the inventory was $115. The customer paid cash. Court Company was running a promotion and the customer received a $45 award at the time of sale that can be used at a future date on Apr. 1 any Court Company merchandise. The customer uses the $45 award when purchasing merchandise inventory for $60. May 15 The cost of the inventory was $20. The customer paid cash. PrintDone