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 $5,200, with credit teras 1/30; Invoice dated April 1. The cost of the merchandise is $3,120. Apr. 4 The customer in the April 1 sale returned $600 of merchandise for full credit. The merchandise, which had cost $360, is returned to inventory. Apr. 8 Sold merchandise for $2,100, with credit terms of 1/10, 1/30; invoice dated April 8. Cost of the merchandise is $1,470. 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 $5,200, with credit terms 1/30. Notente debits before credits General Journal Date Apr 01 Dobit Credit