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 $5,600, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $3,360. Apr. 4 The customer in the April 1 sale returned $640 of merchandise for full credit. The merchandise, which had cost $384, returned to inventory. Apr. 8 Sold merchandise for $2,300, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,610. 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 Sold merchandise for $5,600, with credit terms 5/30; invoice dated April 1. Note: Enter debits before credits. Date General Journal Debit Credit Apr 01