Gradebook B Wk 2 Apply. Connect Homewoll x + nect meducation.com/flow/connect html Connect Homework (due Mon] QS 5-8 Recording sales, returns, and discounts taken LO P2 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. Apr Apr 1 Sold merchandise for $3,000, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $1,800. 4 The customer in the April 1 sale returned $380 of merchandise for full credit. The merchandise, which had cost $180, is returned to inventory. 8 Sold merchandise for $1,000, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $700 11 Received payment for the amount due from the April 1 sale less the return on April 4. Apr Apr View transaction list Journal entry worksheet ( @ @ @ @ 6 Cost of the merchandise is $700. Note: Enter debits before credits Gradebook B Wk 2 Apply. Connect Homewoll x + nect meducation.com/flow/connect html Connect Homework (due Mon] QS 5-8 Recording sales, returns, and discounts taken LO P2 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. Apr Apr 1 Sold merchandise for $3,000, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $1,800. 4 The customer in the April 1 sale returned $380 of merchandise for full credit. The merchandise, which had cost $180, is returned to inventory. 8 Sold merchandise for $1,000, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $700 11 Received payment for the amount due from the April 1 sale less the return on April 4. Apr Apr View transaction list Journal entry worksheet ( @ @ @ @ 6 Cost of the merchandise is $700. Note: Enter debits before credits