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 $7,0, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $4,20 April 4 The customer in the April 1 sale returned $780 of merchandise for full credit. The merchandise, which had cost \$468, is returned to inventory. Apri1 8 Sold merchandise for $3,, With credit terms of 1/1,n/3; invoice dated April 8 . Cost of the merchandise is 32,10. April 11 Received payment for the amount due from the April 1 sale less the return on April 4. Journal entry worksheet 5 6 7 Sold merchandise for $7,000, with credit terms n/30. Note: Enter debits before credits. Journal entry worksheet 5 Note: Enter debits before credits. The customer in the April 1 sale returned $780 of merchandise for full credit. Note: Enter debits before credits. The merchandise, which had cost $468, is returned to inventory. Note: Enter debits before credits. Sold merchandise for $3,000, with credit terms of 1/10,n/30. Note: Enter debits before credits. Jourhal entry worksheet 1 2 3 4 Cost of the merchandise is $2,100. Note: Enter debits before credits. Journal entry worksheet Received payment for the amount due from the April 1 sale less the return on April 4. Note: Enter debits before credits