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os 4-8 Recording sales, returns, and discounts taken LO P2 journal entries to record each of the following sales transactions of a merchandising company The

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os 4-8 Recording sales, returns, and discounts taken LO P2 journal entries to record each of the following sales transactions of a merchandising company The company uses a perpetual inventory system and the gross methood Apr. 4 The custoner in the April 1 sale returned $78e of merchandise for full credit. Th Apr Seld merchandise for $2,600, with credit terns of 1/1e, n/3e; invoice dated Apri1 8. Cost of the merchandise is $1,828. 1 Sold nerchandise for $6,2e0, with credit terms n/se; invoice dated April 1. The cost of the merchandise is $3,728. e merchandise, which had cost $426, is returned to inventory Apr. 11 Received payment for the anount due from the April 1 sale less the retura on April 4 Viww transaction list Journal entry worksheet Sold merchandise for $6,200, with credit terms n/30 Note Enter debits efore credts Apr 01 Record entry Clear entry View general journal

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