Journalize the following transactions for Roberts Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction.

August 6 Sold goods costing $8,400 to Garcia Company for cash, $14,000.
August 12 Garcia Company returned undamaged merchandise, purchased on August 6, for a cash refund, $1,560.

Aug 6.   Dr cash          $14,000

             Cr Sales                          $14,000

Aug,6   Dr Cost of goods sold      $8,400

            Cr Merchandise inventory              $8,400

August 12  

                 Dr Sales returns      $1,560

                  Cr Cash                               $1,560

August 12

              Dr Merchandise inventory  $936

              Cr Cost of goods sold                     $936

Explanation:

In the first place,the goods sold for cash of $14,000 means that cash account is debited and sales is credited with $14,000

However,with respect to cost of goods sold,there would a debit of $8,400 and credit of the same amount  to merchandise inventory.

The goods returned returned would necessitate debit of sales return with $1,560 and credit to cash of the same amount.

The cost of goods returned  is $936  ($1,560*$8400/$14,000) should debited to merchandise inventory and a credit to costs of good sold

the answerr would be 1