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Help Save & Exit Sub 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. April 1 Sold merchandise for $3,800, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,280. April 4 The customer in the April 1 sale returned $460 of merchandise for full credit. The merchandise, which had cost $276, is returned to inventory. April 8 Sold merchandise for $1,400, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $980. April 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet Sold merchandise for $3,800, with credit terms n/30. Note: Enter debits before credits. Journal entry worksheet