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Prepare journal entnes to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross

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Prepare journal entnes to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method: April 4 . The custoser in the April 2 sale returnes $300 of merchandise for full ceetit. The oorchandise, whith had cost \$1so, Is retiurned to inventory: April 11 Received payent for the asout due from the Aoril 1 sale less the return on Apeil 4

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