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Journal entry worksheet Sold recycled leather merchandise for $1,600, with credit terms of 1/10,n/30, invoice dated October 9. Note: Enter debits before credits. Journal entry worksheet Sold fair trade merchandise for $3,300, with credit terms n/30, invoice dated October 1. Note: Enter debits before credits. Journal entry worksheet The merchandise, which had cost $180, is returned to inventory. Note: Enter debits before credits. Journal entry worksheet 5 Received payment for the amount due from the October 1 sale less the return on October 6. Note: Enter debits before credits. Journal entry worksheet 2 4 Cost of the merchandise is $1,170. Note: Enter debits before credits. Prepare journal entries to record each of the following sales transactions of EcoMart Merchandising. EcoMart uses a perpetual inventory system and the gross method. Dct. I Sold fair trade werchandise for $3,300, with credit terms n/30, invoice dated october 1 . The cost of the merchandise is $1,800. 6 The customer in the October 1 sule returned $330 of fair trade merchandise for full credit. The merchandise, which had cost $180, is returned to inventory. 9 Sold recycled leather merchandise for $1,600, with credit ters of 1/10, n/30, invoice dated october 9 . Cost: of the merchandise is $1,170. 11 Received payment for the amount due from the october 1 sale less the return on october 6. Journal entry worksheet 45 The cost of the merchandise is $1,800. Note: Enter debits before credits. Journal entry worksheet The customer in the October 1 sale returned $330 of fair trade merchandise for full credit. Note: Enter debits before credits

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