Homework Saved Help Save 05 -8 Recoraing sales, returns, and discounts taken LUP2 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. 1 Sold merchandise for $3,400, with credit teras n/30; invoice dated April 1. The cost of the merchandise is $2.010. Apr. 4 The customer in the April 1 sale returned 5420 of merchandise for full credit. The merchandise, which had cost $252, is returned to inventory. Apr. & Sold merchandise for $1,200, with credit terms of 1/10, 1/30; invoice dated April 8. Cost of the merchandise is $840. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. rences View transaction list Journal entry worksheet 2 3 4 5 6 Sold merchandise for $3,400, with credit terms n/30. Note: Enter debits before credits Date General Journal Debit Credit