prepare hournal entries to record each of the merchndising...

Prepare journal entries to record each of the merchandising transactions assuming that the company records purchases using the net method and a perpetual inventory system. Apr. i Sold merchandise for $3,000, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $1,800. Apr. 4 The customer in the April 1 sale returned $300 of merchandise for full credit. The merchandise, which had cost $180, is returned to inventory. Apr. 8 Sold merchandise for $1,000, with credit terms of 1/10, 1/30; invoice dated April 8. Cost of the merchandise is $700. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. 50-55045 Bock Ask View transaction list Print Terences Journal entry worksheet 1 2 3 4 5 6 7 Sold merchandise for $3,000, with credit terms n/30. Note: Enter debits before credits Date General Journal Debit Credit Apr 01 SC aw all tv View transaction list X 2 The cost of the merchandise is $1,800. 05 3 The customer in the April 1 sale returned $300 of merchandise for full credit. 4 The merchandise, which had cost $180, is returned to inventory. IN Crec 5 ces Sold merchandise for $1,000, with credit terms of 1/10, n/30. 6 Cost of the merchandise is $700. 7 Received payment for the amount due from the April 1 sale less the return on April 4. Note : = journal entry has been entered View go Record entry Clear entry Connect Netflix Apply for Financial Ald Prepare journal entries to record each of the following sales transactions of a me inventory system and the gross method. Apr. 1 Sold merchandise for $3,000, with credit terms n/30; invoice da $1,800. Apr. 4 The customer in the April 1 sale returned $300 of merchandise fe $180, is returned to inventory. Apr. 8 Sold merchandise for $1,000, with credit terms of 1/10, n/30; i- $700. Apr. 11 Received payment for the amount due from the April 1 sale less View transaction list View journal entry worksheet X The cost of the merchandise is $1,800. 3 The customer in the April 1 sale returned $300 of merchandise for full credit. 4 The merchandise, which had cost $180, is returned to inventory. 5 Sold merchandise for $1,000, with credit terms of 1/10, n/30. 6 Cost of the merchandise is $700. 7 Received payment for the amount due from the April 1 sale less the return on April 4. Note : journal entry has been entered