01:27:10 A company uses the perpetual inventory system and the gross method of accounting for sales and had the following sales transactions during June: June 2 Sold merchandise to a customer on credit for $8,000, terms 1/15, n/60. The items sold had a cost of $4,300. June 4 The customer from June 2 returned merchandise that had a selling price of $400. The cost of the merchandise returned was $270. June 15 The customer paid for the merchandise sold on June 2 less the return, and taking any available discount. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 Sold merchandise to a customer on credit for $8,000, terms 1/15, n/60. >