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 $8,200, terms 1/15,n/60. The items sold had a cost of $4,400. June 4 The customer from June 2 returned merchandise that had a selling price of $400. The cost of the merchandise returned was $280. 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. Journal entry worksheet 5 The items sold had a cost of $4,400. Note: Enter debits before credits. 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 $8,200, terms 1/15,n/60. The items sold had a cost of $4,400. June 4 The custoser fron June 2 returned nerchandise that had a selling price of $400. The cost of the merchandise returned vas $280. June 15 The custoner paid for the merchandise sold on June 2 less the return, and taking any available dincount. Prepare journal entries to record these transactions. Journal entry worksheet The customer from June 2 returned merchandise that had a selling price of $400. Note: Enter debits before credits: 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 custoner on credit for $8,200, terms 1/15,n/60. The items sold had a cost of $4,400. June 4 The customer froe June 2 returned merchandise that had a selling price of $400. The cost of the merchandise returned was $280. 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. Journal entry worksheet The cost of the merchandise returned was $280. Note: Enter debits before credits. 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 $8,200, terms 1/15,n/60. The items sold had a cost of $4,400. June 4 The customer from June 2 returned merchandise that had a selling price of $400. The cost of the merchandise returned was $280. June 15 The customer paid for the merchandise sold on June 2 less the return, and taking any avaflable discount. Prepare journal entries to record these transactions. Journal entry worksheet Sold merchandise to a customer on credit for $8,200, terms 1/15,n/60. Note: Enter debits before credats. 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 $8,200, terns 1/15,n/60. The items sold had a cost of $4,400. June 4 The customer from June 2 returned merchandise that had a selling price of $400. The cost of the merchandise returned was $280. June 15 The customex paid for the merchandise sold on June 2 less the return, and taking any available discount. Prepare journal entries to record these transactions. Journal entry worksheet The customer paid for the merchandise sold on June 2 less the return, and taking any available discount. Note: Enter debits before credits
