QS 4-10 (Algo) Recording sales, returns, and discounts taken LO P2 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. Aprit Sold merchandise for $5,006, with credit terns n/30; invoice dated April 1. The cost of the merchandise is April a the cistos $3,006. Aprit 4 The custoser in the April 1 sale returned $580 of merchandise for futt credit. The merchandise, which had April 8 sold merchandise for $2,000, with credis. April. Sold merchandise for $2,800, whth credit terms of 1/10,n/30; invoice dated Aprit 8. Cost of the nerchandise is $1,406. April 11 Received payment for the anount due from the April 1 sale less the return on April 4. Journal entry worksheet Sold merchandise for $5,000, with credit terms n/30. Notel Eriter debits before oredits. Journal entry worksheet 1 Note: Enter debits before credits. Journal entry worksheet