Prepare journal entries to record each of the following sales transactions of a merchandising company. The compary uses a perpetual imventory system and the gross method.

April $1$ Sold merchandise for $$5,200,$ with credit terms $\frac{n}{30}$; invoice dated April $1.$ The cost of the merchandise is $$3,120.$

April $4$ The customer in the April $1$ sale returned $$600$ of merchandise for full credit. The merchandise, which had cost $$360,$ is returned to inventory.

April $8$ Sold nerchandise for $$2,100,$ with credit terms of $\frac{1}{10},\frac{n}{30}$; invoice dated April,$8,$ Cost of the merchandise is $$1,470.$

April $11$ Recelved payment for the amount due from the April $1$ sale less the return on April $4.$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

Sold merchandise for $$5,200,$ with credit terms $\frac{n}{30}.$

Nete: Cmber dotits actore coetals

$\backslash$table$[[$Date$,$Ceneral Journal,Debilt,Credit$],[$April $01,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$