inventory system and the gross method. Oct. i Sold fair trade merchandise for $3,400, with credit terms n/30, invoice dated October 1. The cost of the merchandise is $1,850. 6 The customer in the October 1 sale returned $340 of fair trade merchandise for full credit. The merchandise, which had cost $185, is returned to inventory. 9 Sold recycled leather merchandise for $1,650, with credit terms of 1/10, n/30, invoice dated October 9. Cost of the 11 Received payment for the amount due from the October 1 sale less the return on October 6. View transaction list Journal entry worksheet 2 3 4 5 6 7 Sold fair trade merchandise for $3,400, with credit terms 1/30, invoice dated October 1. Note: Enter debits before credits. General Journal Debit Credit Date Oct 01 Record entry Clear entry View general journal