Prepare journal entries to record each of the following sales transactions of EcoMart Merchandising. EcoMart uses a perpetual inventory system and the gross method. Oct. 1 Sold fair trade merchandise for $1,600, with credit terms n/30, invoice dated October 1. The cost of the merchandise is 5950 6 The customer in the October 1 sale returned $168 of fair trade merchandise for full credit. The merchandise, which had cost $95, is returned to inventory. 9 Sold recycled leather merchandise for $750, with credit terns of 1/10, 1/30, invoice dated October 9. Cost of the merchandise is $490. 11 Received payment for the amount due from the October 1 sale less the return on October 6. View transaction list Journal entry worksheet 3 4 5 6 7 > Sold falrade merchandise for $1,600, with credit terms 130, Involce dated October otet Er belo credits General Journal Debit Credit D Oct 01