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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

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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 $3,600, with credit tenes/30; Invoice dated April 1. The cost of the merchandise $2,160 Apr. The customer in the April 1 sale returned 1440 of merchandise for full credit. The merchandise, which had cost $264.is returned to inventory. Apr. Sold merchandise for $1,300, with credit terms of 1/10, 1/30; invoice dated April. Cost of the merchandise 1 3910 Apr 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Sold merchandise for $3,600, with credit term /30. Note intereits before red Cuneral Journal Dobit Credit Date Apr 01 Clear entry Record enty View general Journal

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