uses a perpetual inventory system.$)$

$($Click the icon to view the transactions.$)$

Apr. $1$: Court Company sold merchandise inventory for $$190.$ The cost of the inventory was $$145.$ The customer paid cash. Court Company was running a promotion and the customer received a $$10$ award at the time of sale that can be used at a future date on any Court 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 do that in the following step. $($Record debits first, then credits. Exclude explanations from journal entries.$)$

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Apr$.1],[,2,,],[,,,],[,,,]]$