Question: the format that it needs to be in. Prepare journal entries to record each of the following sales transactions of a merchandising company. The company

to record each of the following sales transactions of a merchandising company.

the format that it needs to be in.

The company uses a perpetual Inventory system and the gross method. Apr.

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. Apr. 1 Sold merchandise for $5,200, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $3,120. Apr. 4 The customer in the April 1 sale returned $600 of merchandise for full credit. The merchandise, which had cost $360, is returned to inventory. Apr. 8 Sold merchandise for $2,100, with credit terus of 1/10, 9/30; invoice dated April 8. Cost of the merchandise is '$1,470. Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet QS 4-8 Recording sales, returns, and discounts taken LO P2 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 Apr. 1 Sold merchandise for $5,200, with credit terms n/30; invoice dated April 1. The cost of the merchandise is 31,129. Apr. 4 The customer in the April 1 sale returned $600 of merchandise for full credit. The merchandise, which had cost $360, is returned to inventory. Apr. 8 Sold merchandise for $2,100, with credit terms of 1/10, 1/30; invoice dated April 8. Cost of the merchandise is 51,470 Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet Sold merchandise for $5,200, with credit terms n/30. Note: Enter debits before credits Sold merchandise for $5,200, with credit terms n/30. Note: Enter debits before credits. Date General Journal Debit Credit Apr 01

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