Prepare journal entries to record each of the merchandising transactions assuming that the company records purchases using the gross method and a periodic inventory system. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. April 1 Sold merchandise for $4,800, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,880. April 4 The customer in the April 1 sale returned $560 of merchandise for full