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NAME 3. (30 Points) Craig's Snowboards uses the perpetual inventory system and the gross method of accounting for sales, and had the following sales transactions

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NAME 3. (30 Points) Craig's Snowboards uses the perpetual inventory system and the gross method of accounting for sales, and had the following sales transactions during June: old merchandise to General Sports Store on credit for $4,800, terms 1/15, n/60. The eneral Sports Store returned merchandise that had a selling price of $200. The cost of General Sports Store paid for the merchandise sold on June 2 less the returm, taking any June 2 items sold had a cost of $2,700 June 4 the merchandise returned was $110, June 13 bppropriate discount earned. Prepare the journal entries that Craig's Snowboards must make to record these transactions. Date General Journal Debit Credit

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