Prepare journal entries to record each of the following sales transactions of a merchandising company. Assume a perpetual inventory system Apr. 1 Sold merchandise for $5,000, granting the customer terms of 5/10, EOM; invoice Apr. 4 The customer in the April 1 sale returned merchandise and received credit far Apr. 11 Received payment for the amount due from the April 1 sale less the return on dated April 1. The cost of the merchandise is $3,000. $580. The merchandise, which had cost $348, is returned to inventory. April 4