Question: Assuming a perpetual inventory system. Please provide proper journal entries for the following transactions. I really need the help Gifts Co. had the following sales

Assuming a perpetual inventory system. Please provide proper journal entries for the following transactions. I really need the help Gifts Co. had the following sales transactions in January. Jan 3 Sold 200 units of inventory at $6 per unit. Cost was $4 per unit. Offered terms of 2/10, n30. Jan 6 Customer returned 25 units and received full credit. There was nothing wrong with the merchandise. Jan 10 Customer paid in full. Sincerely

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