QS 4-8 (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 $6,0e0, with credit terms n/3e; invoice dated Apri1 1 . The cost of the nerchandise is 53,60. April 4 The customer in the April 1 sale returned $680 of merchandise for ful1 credit. The nerchandise, which had cost Apri1 8 Sold merchandise for $2,560, with credit terms of 1/10, n/30, invoice dated April 8. Cost of the merchandise is Apri1 11 Received payment for the apount due from the April 1 sale less the return on April 4. Journal entry worksheet Sold merchandise for $6,000, with credit terms n/30. Toote: Enter doblla before credits. Journal entry worksheet Journal entry worksheet 567 The customer in the A] ril 1 sale returned $680 of merchandise for full credit. Note: Enter debits before credits. Journal entry worksheet 7 The customer in the A] ril 1 sale returned $680 of merchandise for full credit. Note: Enter debits before credits