On May $18,$ Sunland Company sells $$770$ of merchandise on account with a cost of $$430$ to Splish Brothers Supply.

Prepare the entries for Sunland Company to record the sale. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date Account Titles and Explanation Debit

May $18$

$($To record the sales revenue.$)$

$($To record cost of goods sold.$)$