Journal entry worksheet Received 20 units returned from the January 1 sale, as the customer felt it had too many units in inventory. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{llll|l} 2 & 3 & 4 & 5 & 6 \end{tabular} Sold 70 units of inventory for $5 per unit (invoice total: $350 ) under credit terms 2/10,n/60. Notet Enter debits before credits. Prepare the Seller's journal entries to record the following transactions. January 1 sold 70 units of inventory for $5 per unit (invoice total: $350 ) under credit terns 2/10, n/60. The aerchondise fad cost $149. January 3 Received 20 units returned from the January 1 sale, as the customer felt it had too many units in inventory. The merchandiser restored the 20 units, which had cost 540 , to inventory. January 4 Granted a price reduction (allowance) to the custoner for units that were discovered to be scratched. The merchandiser credits the custoner's accounts receivable for $3 to compensate for the damage. January 11 Recelved payment from the custoner for the amount owed on the January 1 sale, less returns, allowances, and any discounts. Journal entry worksheet The merchandiser restored the 20 units, which had cost $40, to inventory. Note: Enter debita before credits. Journal entry worksheet Granted a price reduction (allowance) to the customer for units that were discovered to be scratched. The merchandiser credits the customer's accounts receivable for $50 to compensate for the damage. Notes Enter debits before credits. Journal entry worksheet 4 Journal entry worksheet Received payment from the customer for the amount owed on the January 1 sale, less returns, allowances, and any discounts. Note: Enter debits before credits