Record the following transactions of Fashion Park in a general

journal. Fashion Park must charge $7$ percent sales tax on all sales.

$"$ The company uses the perpetual inventory system. $($Round your

intermediate calculations and final answers to the nearest whole

dollar value.$)$ Transaction Sold merchandise for cash, $$2,640$ plus

sales tax. The cost of merchandise sold was $$1,640.$ The customer

purchasing merchandise for cash on April $2$ returned $$320$ of the

merchandise; provided a cash refund to the customer. The cost of

returned merchandise was $$220.$ Sold merchandise on credit to Jordan

Clark; issued Sales Slip $908$ for $$1,190$ plus tax, terms n$/30.$ The

cost of the merchandise sold was $$1,190.$ Accepted return of

merchandise from Jordan Clark; issued Credit Memorandum $302$ for

$$220$ plus tax. The original sale was made on Sales Slip $908$ of

April $4.$ The cost of returned merchandise was $$230.$ Received

payment on account from Jordan Clark in payment of her purchase of

April $4,$ less the return on April $6.$