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Prepare journal entries to record each of the following sales transactions of a merchandising company The company uses o perpetual inventory system and the gross
Prepare journal entries to record each of the following sales transactions of a merchandising company The company uses o perpetual inventory system and the gross method. Apr. 1 Sold merchandise for $6,689, with credit terms n/30; invoice dated April 1. The cost of the Apr. 4 The customer in the April 1 sale returned $740 of merchandise for ful1 credit. The merchandise, Apr. 8 Sold merchandise for $2,880, with credit terms of 1/1e, n/38; invoice dated April 8. Cost of the Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4 merchandise is $3,960 which had cost $444, is returned to inventory merchandise is $1,960 Journal entry worksheet 2 Sold merchiandise for $6,600, with credit terms n/30 ote:Enter cooits betore crecits General journal Debrt Date Apr 01
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