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please help make journal entries!! QS 4-10 (Algo) Recording sales, returns, and discounts taken LO P2 Prepare journal entries to record each of the following
please help make journal entries!! QS 4-10 (Algo) Recording sales, returns, and discounts taken LO P2 Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual irventory system and the gross method April 1 sold nerchandise for 35,300 , with credit terns n/30 : invoice dated April 1. The cost of the eerchandise is $3,480. April . 4 The custener in the April 1 sole returned $660 of merchandise for full credit, The nerchandise, which had cost $396, is returned to inventory. is $1,680. April 11 Received paysent for the anount due fron the April 1 sale less the return on Aprit 4
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