Check my w 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. 1 Sold merchandise for $6,400, with credit terms n/30; invoice dated April 1. The cost of the merchandise is Apr. $3,840. 4 The customer in the April 1 sale returned $720 of merchandise for full credit. The merchandise, which had cost $432, is returned to inventory. 8 Sold merchandise for $2,700, with credit terms of 1/10o, n/30; invoice dated April 8. Cost of the merchandise is $1,890. points Apr. X 01:43:26 Apr. Apr. 11 Received payment for the amount due from the April 1 sale less the return on Apri1 4. View transaction list Journal entry worksheet 3 2 4. 6 Sold merchandise for $6,400, with credit terms n/30. Note: Enter debits before credits. Date Credit General Journal Debit Apr 01 Record entry Clear entry View general journal LO payllenC 1O1 143:04 View transaction list Journal entry worksheet 2 3 5 The cost of the merchandise is $3,840. Note: Enter debits before credits. Credit Date General Journal Debit Apr 01 View general journal Record entry Clear entry Journal entry worksheet 3 4 The customer in the April 1 sale returned $720 of merchandise for full credit. Note: Enter debits before credits. Date General Journal Debit Credit Apr 04 Record entry View general journal Clear entry LO View transaction list Journal entry worksheet 2 4 The merchandise, which had cost $432, is returned to inventory. Note: Enter debits before credits. Credit Date General Journal Debit Apr 04 Record entry Clear entry View general journal Journal entry worksheet 3 4 Sold merchandise for $2,700, with credit terms of 1/10, n/30. Note: Enter debits before credits. Date General Journal Debit Credit Apr 08 Record entry Clear entry View general journal Journal entry worksheet 3 1 2 4 5 Cost of the merchandise is $1,890. Note: Enter debits before credits. Credit Date General Journal Debit Apr 08 Record entry View general journal Clear entry Journal entry worksheet 3 Received payment for the amount due from the April 1 sale less the return on April 4. Note: Enter debits before credits. Date General Journal Debit Credit Apr 11 Record entry Clear entry View general journal
