6 Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system May 1 Purchased merchandise with a price of $960 and credit term of n/30. May 7 Returned merchandise that had a price of $110. May 31 Paid the amount due from the May 1 purchase, minus the May 7 return 6.66 points Skipped View transaction list Book Journal entry worksheet 2 3 Print Purchased merchandise with a price of $960 and credit terms 1/30. Note: Enter debits before credits Date General Journal Debit Credit May 01 Record entry Clear entry View general Journal Mc Graw HEIT 6 Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and perpetual inventory system. May 1 Purchased merchandise with a price of $960 and credit terns of n/30. May 7 Returned merchandise that had a price of $180. May 31 Paid the amount due from the May 1 purchase, minus the May 7 return. 6.66 points Skipped View transaction list eBook Journal entry worksheet 6 Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. May 1 Purchased merchandise with a price of $960 and credit terms of n/30. May 7 Returned merchandise that had a price of $180. May 31 Paid the amount due from the May 1 purchase, minus the May 7 return. 66 Dints Skipped View transaction list eBook Journal entry worksheet