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 $4,800, with credit terms n/30; invoice dated April 1. The cost of the merchandise is Apr 4 The customer in the April 1 sale returned $560 of merchandise for full credit. The merchandise, which had cost Apr. 8 Sold merchandise for $1,900, with credit terms of 1/10, n/30; invoice dated April 8. cost of the merchandise is Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. $2,880 $336, is returned to inventory $1,330 Journal entry worksheet Sold merchandise for $4,800, with credit terms n/30. Note: Enter debits before credits. Date General Journal Debit Credit Apr 01 Record entry Clear entry View general journal