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. Apt. 1 Sold merchandise for $3,200, with credit terns n/30; invoice dated April 1. The cost of the merchandise is $1,920. . 4 The customer in the April 1 sale returned $400 of merchandise for full credit. The merchandise, which had cost $240, is returned to inventory. Apr. Sold merchandise for $1,100, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $770. Apr. 11 Received payment for the amount due from the April 1 sale lean the return on April 4. View transaction list Journal entry worksheet 1 2 3 A 5 67 Sold merchandise for $3,200, with credit terms n/30. Note: Enter detits before credits Cate Apr 01 General Journal Debit Credit