Sectioll 14. Prepare a 30 2B 1 B: SAY. Write your answer in the space provided or on a separate sheet of paper. 11) Craig's Snowboards, Inc. uses the gross method of accounting for sales and a perpetual inventory system and had the following sales transactions during June: June 2 June 4 Sold merchandise to General Sports Store on credit for $4,800, terms 1/15, n/60. The items sold had a cost of $2,700. General Sports Store returned merchandise that had a selling price of $200. The cost of the merchandise returned was $110. General Sports Store paid for the merchandise sold on June 2 less the return, taking any appropriate discount earned. June 13 Prepare the journal entries to record these transactions