#17

al entries to record each of the following sales transactions of a merchandising company. Assume a perpetual inventory system. Apr. 1 Sold merchandise for $6,200, granting the customer terms of 2/10, EOM; invoice dated April 1 Apr. 4 The customer in Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. The cost of the merchandise is $3,720. the April 1 sale returned merchandise and received credit for $700. The merchandise, which had cost $420, is returned to inventory View transaction list Journal entry worksheet 2 3 4 Sold merchandise for $6,200, granting the customer terms of 2/10, EOM. Note: Enter debits before credits Date General Journal Debit Credit Apr. 1 Record entry Clear entry Vilew goneral Journal