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 $3,680, with credit terus n/30 invoice dated April 1. The cost of the merchandise Is 52,160. 4 The customer in the April 1 sale returned $440 of merchandise for full credit. The merchandise, which had cost $264, is returned to inventory Apr. Sold merchandise for $1,388, with credit terns of 1/10, 1/30; invoice dated April 8. Cost of the merchandise is 591e. 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 2 3 5 6 7 Sold merchandise for $3,600, with credit terms n/30. Note: Enter debits before credits General Journal Debit Credit Date Apr 01 Record entry Clear entry View general journal