Inventory that cost $460 is sold for $500, with terms of 2/10, n/30. a. Prepare the journal entries to record the sale of merchandise. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the sales on account of $500 on terms 2/10, n/30. Note: Enter debits before credits Transaction General Journal Debit Credit a(1) Inventory that cost $460 is sold for $500, with terms of 2/10,n/30. a. Prepare the journal entries to record the sale of merchandise. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the cost of goods sold of $460. Note: Enter debits before credits. Transaction General Journal Debit Credit a(2)