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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

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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 $6,800, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $4,080. Apt. I The customer in the Apri1 1 sale returned $760 of merehandine for full eredit. The merchandise, which had cost $456, is returned to inventory. Apr. 8 sold morchandiue for $2,900, with credit terms of 1/10,n/30; involce dated April 8 . Cont of the merehandise is $2,030. Ap5. 11 Received payment for the amount due fron the Apri1 1 nale less the return on April 4. Journal entry worksheet 234567 Sold merchandise for $6,800, with credit terms n/30. Note: Enter debits before credits

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