The State of Kentucky is planning major renovations in its parts during 2020 and enters into a contract with Monty to purchase 420 durable, easy maintenance, standard charcoal grills during 2020. The grills are priced at $200 each (with a cost of $165 each), and Monty provides a 7% volume discount if Kentucky purchases at least 280 grills during 2020. On April 17, 2020, Monty delivered and received payment for 260 grills. Based on prior experience with the State of Kentucky renovation projects, the delivery of this many grills makes it certain that Kentucky will meet the discount threshold. Prepare the journal entries for Monty for grills sold on April 17, 2020. Assume the company records sales transaction net. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Cash Accounts Receivable (To record sales) Cost of Goods Sold Inventory (To record cost of goods sold)