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Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 8 percent sales tax on all sales. The company uses the perpetual inventory system. DATE TRANSActrons 20x1 April 2 sold merchandise for cash, $4,009 plus sales tax. The cost of merchandise sold was 52 , 400. 3 The customer purchasing merchandise for cash on April 2 returned $200 of the merchandise; prowided a cash refund to the customer. The cost of returned merchandise was $120. 4 Sold merchandise on credit to Jordan Clark; issued Sales 51ip 998 for $2,360 plus tax, terms n/30. The cost of the merchandise sold was $1,380. 6 Accepted return of merchandise from Jordan Clark; issued Credit Memorandum 302 for 5260 plus tax, The original sale mas made on Sales S1ip 908 of April 4. The cost of returned nerchandise was $120. 36 Received payment on account from Jordan Clark in payment of her purchase of Apri1 4, less the return an Apri1 6. (Round your answers to the nearest whole dollar.) On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $2,000 on Invoice 1001 , terms 2/10, n/30 The cost of merchandise sold was $1,600. Payment was received in full from Fronke's Franks, less discount, on April 10 . Record the transactions for Moloney Meat Distributors on April 1 and April 10. The company uses the perpetual inventory system

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