Journal entry worksheet Note: Enter debits before credits. Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. April 1 Sold merchandise for $3,200, with credit terms n/30; invoice dated Apr 111 . The cost of the merchandise is $1,920. April 4 The customer in the April 1 sale returned $400 of merchandise for fult credit. The merchandise, which had cost $248, is returned to inventory. April 8 Sold merchandise for $1,100, with credit terms of 1/10,n/30; invoice dated April 8 . Cost of the merchandise is $770. April 11 Received payment for the anount due from the April 1 sale less the return on April 4. Journal entry worksheet Sold merchandise for $3,200, with credit terms n/30. Note: Enter debits before credits. Journal entry worksheet Cost of the merchandise is $770. Note: Enter debits before credits. Journal entry worksheet 1 Received payment for the amount due from the April 1 sale less the return on April 4. Note: Enter debits before credits. Journal entry worksheet 7 Sold merchandise for $1,100, with credit terms of 1/10,n/30. Note: Enter debits before credits. Journal entry worksheet The customer in the April 1 sale returned $400 of merchandise for full credit. Note: Enter debits before credits