On May 3, Sunland Company sold $903,000 of merchandise to Cheyenne Company, terms 2/10, n/30. The cost of the merchandise sold was $528,000. Prepare the journal entry to record this transaction on Sunland Company's books using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 3 (To record credit sale) May 3 (To record cost of merchandise sold)