Jurnal entries for merchandising firm 7 journal entries PERPETUAL INVENTORY SYSTEM PERPETUAL INVENTORY SYSTEM 30 points Date Account Title and Explanation 1-Apr 4-Apr Louts Hardware Store had the following transactions during April Purchased 30 fancy coolers at a cost of 50 each from gloo Corp., terms 2/10, net 30 Sold 7 coolers to customers for $100 each, terms 2/10, net 30. 5 Apr Returned 1 cooler damaged in shipping to igloo and received a credit for the return. 3-Apr sued a credit memo to a customer for the return of 2 coolers that had a big dents in them. 5 Apr Paid gloo Corp in full, less discount NSTRUCTIONS: Prepare the journal entries to record the transactions assuming that Louis Hardware Store uses a PERPETUAL INVENTORY SYSTEM. * Sheet1 Sheet2 Sheet3 Accessibility investigate Debit Credit 1-Apr 4 Apr ournal entries for merchandising firm 7 journal entries PERPETUAL INVENTORY SYSTEM PERPETUAL INVENTORY SYSTEM 30 points Date Account Title and Explanation Debit Credit Louts Hardware Store had the following transactions during April Purchased 30 fancy coolers at a cost of 50 each from gloo Corp., terms 2/10, net 30. Sold 7 coolers to customers for $100 each, terms 2/10, net 30. 5 Apr Returned 1 cooler damaged in shipping to igloo and received a credit for the return. 3-Apr hsued a credit memo to a customer for the return of 2 coolers that had a big dents in them. 5-Apr Puid igloo Corp in full, less discount NSTRUCTIONS: Prepare the journal entries to record the transactions assuming that Louis Hardware Store uses a PERPETUAL INVENTORY SYSTEM. Sheet1 Sheet2 Sheet3 Accessibility investigate