QS 4-8 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. Apr. 1 sold merchandise for $3,800, with credit terase invoice dated April 1. The cost of the merchandise is $2,200. Apr. The customer in the April 1 sale returned $460 of merchandise for full credit. The merchandist, which had cost $276, Is returned to inventory Ape. Sold merchandise for $1,400, with credit terms of 1/10, 1/30 Invoice dated April 3. Cost of the merchandise is $980. Apr. 11 Received payment for the amount due from the April 1 sole less the return on April 4. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Sold merchandise for $3,800, with credit terms 1/30