Journalize the transactions. (Record debits first, then credits. Exclude explanations from journal entries. For purposes of this problem, ign January 1: Autumn Myles invested $2,700 in the business. Date Jan. 1 Account Titles Debit Credit January 1: Sold merchandise on account to Capetown Co., invoice no. 1, $1,500. The cost of the merchandise was $600. 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. 1 Account Titles Debit Credit