Chuyo 5 07 system and the gross method May 1 Sold merchandise for 1940. It crest terms 60. The cost of the merchandise I 7. May 9 The customer discovers slight defects on units. The gives a price reaction (atloncel and credits the customer's accounts receivable for 574 to compensate for the defects. June 4 The customer in the My 1 we returned 10 merchandise for full credit. The werchandise, which al cost 554. 15 returned to inventory Senese Recesved payment for the out from the May 3 sale test the Mayence on June & return. 09230 View Journal entry worksheet Bold merchandise for $40, wen credit terms 160 General De Date May 1 Recent Clear vam uma