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. April 1 Sold merchandise for $3,800, with credit terns n/30; Invoice dated April 1. The cost of the merchandise is $2,280. April 4 The customer in the April 1 sale returned 5469 of merchandise for full credit. The merchandise, which had cost $276, is April 8 sold merchandise for $1,400, with credit terms of 1/10, 1/30, invoice dated April 8. cost of the merchandise is 8950. April 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 $3,800, with credit terms /30. Notes Enter debits before credits Date General Journal Debit Credit Apr 01 Record entsy Clear entry View general journal 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 April 1 Sold merchandise for $3,800, with credit teras n/30invoice dated April 1. The cost of the merchandise is $2.280. April 4 The customer in the April 1 sale returned 5469 of merchandise for full credit. The merchandise, which had cost $276, is April Sold merchandise for $1,400, with credit terns of 1/10, 1/301 Invoice dated April 8. Cost of the merchandise is $980. April 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 4 3 6 7 > The cost of the merchandise is $2,280. Note: Enter debts before credits General Journal Date Apr 01 Debit Credit Record entry Clear entry View general Journal Den 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 April 1 sold merchandise for 53,800, with credit terns n/30; Invoice dated April 1. The cost of the merchandise is $2,250. April 4 The customer in the April 1 sale returned $460 of merchandise for full credit. The merchandise, which had cost $276, is returned to inventory. April Sold merchandise for $1,400, with credit terms of 1/10, 1/30; invoice dated April 3. Cost of the merchandise is $950. April 11 Received payment for the mount due from the April 1 sale less the return on April 4, View transaction list Journal entry worksheet
