1: Record sale of merchandise for $6400; 3/10, n/30. 2: Record cost of sales of $3680 for merchandise sold on April 5. 3: Record the sale of merchandise for $4700. 4: Record cost of sale of $2660 for merchandise sold for cash on April 7. 5: Record sale of merchandise for $12000; terms 3/10, n/30. 6: Record cost of sales of $7040 for merchandise sold on april 8. 7: Record the collection of amount owed by the customerfor the sale made on April 5. 8: Record the collection of amount owed by the customer for sale made on April 8.

Journalize each of the following transactions assuming a perpetual inventory system. April 5 5old merchandise to a customer for $6,400; terms 3/10,n/30 (cost of sales $3,680). 7 Made a cash sale of $4,700 of merchandise to a customer today (cost of sales $2,660). 8 Sold merchandise for $12,000; terms 3/10,n/30 (cost of sales $7,040). 15 Collected the amount owing from the credit customer of April 5. May 4 The customer of April 8 paid the balance owing