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

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Accounting

Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual inventory system and the gross method.
April 7 Purchased $20,400 of merchandise. Terms of the sale are 310,n30.
April 10 Returned defective units with a cost of $3,100 and received full credit.
April 16 Paid the amount due, minus the return.
Journal entry worksheet
1
2
3
Paid the amount due, minus the return.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[April 16,Accounts payable,17,300,],[,Merchandise inventory,,],[,Cash,,],[,,,],[,,,],[,,,]
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