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 Apr. 1 Sold merchandise for $6,400, with credit terns n/30; invoice dated April 1. The cost of the merchandise is $3,840. Apr. 4 The customer in the April 1 sale returned $720 of merchandise for full credit. The merchandise, which had cost $432, is returned to inventory. Apr. 8 Sold merchandise for $2,700, with credit terms of 1/10, 1/30; invoice dated April 8. Cost of the merchandise is $1,890. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. -8 View transaction list Journal entry worksheet 2 3 4 5 1 6 7 Sold merchandise for $6,400, with credit terms n/30. Note: Enter debits before credits Date General Journal Debit Credit Apr 01