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April 1 Sold merchandise for $6,600 , with credit terms (n)/(30) ; invoice dated April 1 . The cost of the merchandise is $3,960 .
April 1 Sold merchandise for
$6,600
, with credit terms
(n)/(30)
; invoice dated April 1 . The cost of the merchandise is
$3,960
.\ April 4 The customer in the April 1 sale returned
$740
of merchandise for full credit. The merchandise, which had cost
$444
, is returned to inventory.\ April 8 Sold merchandise for
$2,800
, with credit terms of
(1)/(10),(n)/(30)
; invoice dated pril 8 . Cost of the merchandise is
$1,960
.\ April 11 Received payment for the amount due from the April 1 sale less the return on April 4.\ Journal entry worksheet\ 1\ 2\ 3\ 4\ 5\ 6\ 7\ The cost of the merchandise is
$3,960
.
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