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 $4,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,760.
April 4	The customer in the April 1 sale returned $540 of merchandise for full credit. The merchandise, which had cost $324, is returned to inventory.
April 8	Sold merchandise for $1,800, with credit terms of 1/10, n/30 invoice dated April 8. Cost of the merchandise is $1,260.
April 11	Received payment for the amount due from the April 1 sale less the return on April 4.