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.1Sold merchandise for $3,000, with credit terms n/30 invoice dated April 1. The cost of the merchandise is $1,800.Apr.4The customer in the April 1 sale returned $300 of merchandise for full credit. The merchandise, which had cost $180, is returned to inventory.Apr.8Sold merchandise for $1,000, with credit terms of 1/10, n/30 invoice dated April 8. Cost of the merchandise is $700.Apr.11Received payment for the amount due from the April 1 sale less the return on April 4.