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. Prepare journal entries to record each of the following sales transactions of a merchandising...

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Accounting

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. 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 April 1 Sold merchandise for $4,400, with credit terms 1/30; invoice dated Anril 1. The cost of the merchandise is $2,540. April 4 The customer in the April 1 sale returned $520 of merchandise for full credit. The merchandise, which had cost $312, is returned to inventory April Sold merchandise for $1,700, with credit terms of 1/10, 1/30; invoice dated April 1. Cost of the merchandise is $1,190. April 11 Received payment for the amount due from the April 1 sale less the return on April 4, 55 View transaction et Journal entry worksheet 3. 1 2 5 6 7 Sold merchandise for $4,400, with credit terms 1/30. Note Enter debits before credits General Journal Debit Credit Date Apr 01 Record entry Clear entry View general Journal

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