January 18: Sold merchandise on account to Capetown Co., invoice no. 3, $800. The cost of the merchandise was $480. Begin by recording the sale portion of the entry. Do not record the cost of the sale yet. We will do that in the following step. Date Jan. 18 Account Titles Debit Credit January 18: Sold merchandise on account to Capetown Co., invoice no. 3, $800. The cost of the merchandise was $480. Record the cost of the sale. Date Jan. 18 Account Titles Debit Credit