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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Apr. 1 Sold merchandise for $6,800, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $4,080. Apr. 4 The customer in the April 1 sale returned $760 of merchandise for full credit. The merchandise, which had cost $456, is returned to inventory. Apr. 8 Sold merchandise for $2,900, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $2,030. 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 < 1 2 3 4567 The cost of the merchandise sold is $4,080. Note: Enter debits before credits. Date General Journal Debit Credit Apr 01 Cost of goods sold 19