3 Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method 3.12 Dainte April i Sold merchandise for $5,000, with credit termen/30; invoice dated Aprit 1. The cost of the nerohandise te 53,000 April 4 The customer in the April 1 male returned $500 at merchandise for full credit. The merchandise, which had coat $348, is returned to inventory April sold merchandise tor 62,000, with credit tern of 1/10, 1/30 Invoice dated April . cost of the merchandise in 400. April 11 Received paynent for the amount due from the April to less the return on April 4. 8015424 View transaction ist Journal entry worksheet C aw 3 Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual Inventory system and the gross method April 1 Sold merchandise for $5,000, with credit terms n/301 invoice dated April 1. the cost of the merchandise is $3,000. April 4 The customer in the April 1 sale returned $500 of merchandise for full credit. The merchandise, which had cont $348, is returned to Inventory. April 8 Bold merchandise for $2.000, with credit terns of 1/10, n/30; invoice dated April S. cost of the merchandises $1,400. April 11 Received payment for the amount due from the April 1 sale less the return on April 4. 00:53:50 View transaction list Journal entry worksheet 3 Prepare journal entries to record oach of the following sales transactions of a merchandising company. The company resa perpetual Inventory system and the gross method. April 1 sold merchandise for $5.000, vith credit tornen/30: Invoice dated April 1. The cost of the roads $3,000. April 4 The customer in the April 1 sale returned $580 of merchandise for full credit. The merchandise, which had con $348, is returned to inventory. April 8 sold merchandise for 12.000, with credit terns of 1/10, 1/301 Invoice dated April 8. Cost of the merchandise is $1,400 April 11 Received payment for the amount duo from the April 1 sale less the return on April 4. 3.12 points 8 015341 View transaction is Journal entry worksheet 1 2 4 5 The customer in the April 1 sale returned $580 of merchandise for full credit Note: Enter debits before credits Debit Credit General Journal Date Apr 04 Mc raw ill 3 pull jums to record each of the following sales transactions of a merchandising company. The companys perpetun Inventory system and the gross method 3.12 points April 1 Sold merchandise for $5,000, with credit terms/301 invoice dated April 1. The cost of the archi 53,000 April 4 The customer in the April 1 sale returned $500 of merchandise tor toll credit. The chandise, which $340, is returned to inventory. April 8 sold merchandise for $2,000, with credit terms of 1/10, 1/30 invoice dated April 8. Cost of the merchandise $1.400. April 11 Received payment for the amount due from the prin salot the return on April 4. X 01:53:29 View transaction list Journal entry worksheet 2 > 3 6 5 The merchandise, which had cost $348, is returned to inventory Note: Enter debits before credits Debit Credit General Journal Date Apr 04 Next > 3 of 4 3 of 4 3 of 4 ! Journal entry worksheet 2 3 4 5 6 Received payment for the amount due from the April 1 sale less the return on April 4. Note: Enter debits before credits Dobil Credit General Journal Date Apr 11 Next > 3 of 4
