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 $6,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $3,960. 4 The customer in the April 1 sale returned $740 of merchandise for full credit. The merchandise, which had cost $444, is returned to inventory. Apr. 8 Sold merchandise for $2,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,960. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. Apr. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Sold merchandise for $6,600, with credit terms n/30. Note: Enter debits 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. Apr. 1 Sold merchandise for $6,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $3,960. 4 The customer in the April 1 sale returned $740 of merchandise for full credit. The merchandise, which had cost $444, is returned to inventory. 8 Sold merchandise for $2,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,960. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. Apr. View transaction list Journal entry worksheet The merchandise, which had cost $444, is returned to inventory. Note: Enter debits before credits. Date General Journal Debit Credit Apr 04 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 $6,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $3,960. Apr. 4 The customer in the April 1 sale returned $740 of merchandise for full credit. The merchandise, which had cost $444, is returned to inventory. 8 Sold merchandise for $2,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,960. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. Apr. View transaction list Journal entry worksheet Sold merchandise for $2,800, with credit terms of 1/10, 1/30. Note: Enter debits before credits. 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 $6,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $3,960. Apr. 4 The customer in the April 1 sale returned $740 of merchandise for full credit. The merchandise, which had cost $444, is returned to inventory. 8 Sold merchandise for $2,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,960. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. Apr. View transaction list Journal entry worksheet Cost of the merchandise is $1,960. Note: Enter debits before credits. Date General Journal Debit Credit 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 $6,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $3,960. Apr. 4 The customer in the April 1 sale returned $740 of merchandise for full credit. The merchandise, which had cost $444, is returned to inventory. Apr. 8 Sold merchandise for $2,800, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,960. 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 Received payment for the amount due from the April 1 sale less the return on April 4. Note: Enter debits before credits. Date General Journal Debit Credit Apr 11 Record entry Clear entry View general Journal