QS 4-20 (Algo) Preparing a multiple-step income statement LO P4 Sove the-Earth Company reports the following income statement accounts for the year ended December 31 . Prepare a multiple-step income statement for the year ended December 31 . apters 4-6 QS 4.27A (Algo) Periodic: Recording sales, returns, and discounts LO P5 Prepare joumal entries to record each of the merchandising transactions assuming that the company records purchases using the gross method and o periodic inventory system. Of no entry h required for a transaction/event, select "No journal entry required" in the first account field.) Aprit i ise, is retursed to invehtory. Journal entry worksheet 234567 Sold merchandise for $5,000, with credit terms 5/30; imoice dated Apell 1. Note inter debits before oredts. Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. Jane 1 Turehased merchasdine with a prien of 5530 and eredit terms of n/4s. Journal entry worksheet Purchased merchandise wath a price of $530 and credit terms of n/45. Whan ther debits before credits