. rtion of the transaction x Hebits first, then crec i More Info Apr. 1 Prince Company sold merchandise inventory for $180. The cost of the inventory was $100. The customer paid cash. Prince Company was running a promotion and the customer received a $50 award at the time of sale that can be used at a future date on any Prince Company merchandise. May 15 The customer uses the $50 award when purchasing merchandise inventory for $55. The cost of the inventory was $25. The customer paid cash. Print Done Journalize the following sales transactions for Prince Company Explanations are not required. (Assume the company uses a perpetual inventory system) (Click the loon to view the transactions) Apr. 1: Prince Company solid merchandise inventory for $180. The cost of the inventory was $100. The customer paid cash. Prince Company was running a promotion and the customer received a 550 award at the time of sale that can be used at a future date on any Prince Company merchandise Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We wil do that in the following step Record debts first, then credits. Exclude explanations from journalis) Date Accounts Credit Apr 1 Debit Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining Clear All Check Answer Apr. 1: Prince Company sold merchandise inventory for $180. The cost of the inventory was $100. The customer paid cash. Prince at a future date on any Prince Company 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 Date Accounts Debit Credit Apr. 1 Accounts Payable Accounts Receivable Cash Cost of Goods Sold Merchandise Inventory Purchase Discounts Purchase Returns and Allowances Purchases Sales Revenue Unearned Revenue Choose from any list or enter any number in the input 3 parts remaining