Journalize the following sales transactions for Mayfield Supply. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the perpetual inventory method is used and that the company uses the net amount to record sales.) LOADING...(Click the icon to view the transactions.) Question content area bottom Part 1 Mar. 1: Mayfield Supply sold merchandise inventory for $ 3 comma 200. The cost of the inventory was $ 1 comma 920. The customer paid cash. Mayfield Supply was running a promotion and the customer received a $ 140 award at the time of sale that can be used at a future date on any Mayfield Supply 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