The following are the sales transactions of EcoMart Merchandising. EcoMart uses a perpetual Inventory system and the gross method. October 1 Sold merchandise for $3,000, with credit terms n/30, invoice dated October 1. The cost of the merchandise is $1,650 October 6 The customer in the October 1 sale returned $300 of merchandise for full credit. The merchandise, which had Cost $165, is returned to inventory. October 9 Sold merchandise for $1,450 cash. Cost of the merchandise is $1,050. October 38 Received payment for the amount due from the October 1 sale less the return on October 6. QS 4-11 (Algo) Recording sales and returns; no discounts LO P2 Use the above sales transactions of EcoMart Merchandising to prepare journal entries. View transaction Hat Journal entry worksheet 2 3 5 8 Sold merchandise for $3,000, with credit terms n 30, invoice dated October 1, Asse Entar cables agrote Date October 01 General Journal Debit Credit 43