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Please help with Apr. 8 & Apr. 11 entry. Prepare journal entries to record each of the following sales transactions of a merchandising company. The

image text in transcribedPlease help with Apr. 8 & Apr. 11 entry.

Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Apr. 1 Sold merchandise for $5,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $3,360. Apr. 4 The customer in the April 1 sale returned $640 of merchandise for full credit. The merchandise, which had cost $384, is returned to inventory. Apr. 8 Sold merchandise for $2,300, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,610. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. X Answer is not complete. No Date General Journal Debit Credit 1 Apr 01 Accounts receivable 5,600 Sales 5,600 2 Apr 01 3,360 Cost of goods sold Merchandise inventory 3,360 3 Apr 04 640 Sales returns and allowances Accounts receivable 640 >

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