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. April 1 Sold merchandise for $3,800, with credit teras n/30; invoice dated April 1. The cost of the merchandise is $2,280. Aprit 4 The custoner in the April 1 sale returned 5460 of merchandise for full credit. The merchandise, which had cost $276, is returned to inventory. April 8 Sold nerchandise for $1,400, with credit terms of 1/10,n/30; invoice dated Aprit 8 . Cost of the merchandise is $98. April 11 Received payment for the asount due fron the April 1 sale less the return on April 4