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 54,800, with credit terms 1/30, Invoice dated April 1. The cost of the merchandise is $2,880. Apr. A The customer in the April 1 sale returned $560 of merchandise for full credit. The merchandise, which had cost $336, is returned to inventory. Apr. 8 Sold merchandise for $1,980, with credit terns of 1/10, n/se; invoice dated April 8. Cost of the merchandise is $1,330. 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 $4,800, with credit terms n/30. Note: Enter debts before credits General Journal Debit Credit Date Apr 01 Record entry Clear entry View general Journal 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 i Sold merchandise for $4,890, dth credit terms n/38; invoice dated April 1. The cost of the merchandise is $2,888 Apr. 4 The customer in the April 1 sale returned $568 of merchandise for full credit. The merchandise, which had cost $336, is returned to inventory. Apr. sold merchandise for $1,980, with credit terms of 1/10, 1/30; invoice dated April 8. Cost of the merchandise is $1,330, 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 The customer in the April 1 sale returned $560 of merchandise for full credit Note: Edebits before credit General Journal Debit Date Apr 04 Credit Record entry Clear entry View general journal 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 54,800, with credit terms n/se; invoice dated April 1. The cost of the merchandise is $2,880 Apr. 4 The customer in the April 1 sale returned $568 of merchandise for full credit. The merchandise, which had cost $336, is returned to inventory, Apr. Sold marchandise for $1,9ee, with credit terms of 1/10, 1/30; invoice dated April 8. Cost of the merchandise is $1,33e. 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 3 5 0 7 The merchandise, which had cost $336, is returned to inventory Notendees before credit General Journal Date Apr 04 Debit Credit Record entry Clear entry View general Journal 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 $4,800, with credit terns n/30; invoice dated April 1. The cost of the merchandise is $2,888 Apr 4 The customer in the April 1 sale returned $566 of merchandise for full credit. The merchandise, which had cost $336, is returned to inventory Apr sold merchandise for $1,980, with credit terms of 1/10, 1/30; invoice dated April 8. Cost of the merchandise is $1,330, 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 4 6 7 Sold merchandise for $1,900, with credit terms of 1/10, 1/30. Note Enter debit before credit General Journal Debit Credit Date Apr 08 Record entry Clear entry View general Journal 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 $4,800, with credit terns n/se; invoice dated April 1. The cost of the merchandise is $2,880. Apr. 4 The customer in the April 1 sale returned $560 of merchandise for full credit. The merchandise, which had cost $336, is returned to inventory. Apr. 8 Sold merchandise for $1,900, with credit terms of 1/10, n/30, invoice dated April 8. Cost of the merchandise is $1,330 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
