chapter 5

Save Homework: Chapter 5 Homework Score: 0 of 1 pt S5A-13 (similar to) 1 of 5 (1 complete) HW Score: 0.17%, 0.01 of 5 pts Question Help Joumalize the followng sales transactions for Prince Company Explanations are not required (Assume the company uses a perpetual inventory system) (Click the icon to view the transactions.) Apr 1 Prince Company sold merchandise inventory for $180. The cost of the inventory was $125. 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 as a future date on any Prince Company merchandise Begin by preparing the entry to journalize the sale portion of the transaction Da not record the expense related to the sale. We will do that in the following step Record dels first men credits Exclude explanations from ouma entries Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer ms for ns.) * More Info X Intory sysi se iny me of Hy was run Apr. 1 h the follow ce the journa Prince Company sold merchandise inventory for $180. The cost of the inventory was $125. 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 The customer uses the $50 award when purchasing merchandise inventory for $60. The cost of the inventory was $19. The customer paid cash Accou May 15 umber il Print Done