Journalize each of the following transactions assuming a perpetual inventory system.

April $5$ Sold merchandise to a customer for $$6,300$; terms $\frac{1}{10},\frac{n}{30}($cost of sales $$3,580).$

$7$ Made a cash sale of $$4,600$ of merchandise to a customer today $($cost of sales $$2,560).$

$8$ Sold merchandise for $$11,900$; terms $\frac{1}{10},\frac{n}{30}($cost of sales $$6,940).$

$15$ collected the amount owing from the credit customer of April $5.$

May $4$ The customer of April $8$ paid the balance owing.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

Record sale of merchandise for $$6,300$; terms $\frac{1}{10},\frac{n}{30}.$

Note: Enter debits before credits.

Date

General Journal

Debit

Credit