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Help Required information (The following information applies to the questions displayed below.) The following are...

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Accounting

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Help Required information (The following information applies to the questions displayed below.) The following are the sales transactions of EcoMart Merchandising, EcoMart uses a perpetual inventory system and the gross method. Oct. 1 Sold merchandise for $2,200, with credit terms 1/30, invoice dated October 1. The cost of the merchandise is $1,250. 6 The customer in the October 1 sale returned $220 of merchandise for full credit. The merchandise, which had cost $125, is returned to inventory. 9 Sold merchandise for $1,050 cash. Cost of the merchandise is $73. 30 Received payment for the amount due from the October 1 sale less the return on October 6. Use the above sales transactions of EcoMart Merchandising to prepare journal entries. View transaction list Journal entry worksheet 1 2 3 5 6 7 Sold merchandise for $2,200, with credit terms 1/30, invoice dated October 1. Note: Enter debits before credits General Journal Debit Credit Dato Oct 01

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