Journalize the expense related to the above transaction.

j. Sold appliances on account to NOP Contractors for $200,000, terms n/30 (cost, $60,000). 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 Date Accounts Debit Credit 0) Accounts Receivable 200,000 Sales Revenue 200,000