Business, 13.07.2021 16:50 chim84

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 Apr. 1 Sold merchandise for $3,800, with credit terms n/30; invoice dated
April 1. The cost of the merchandise is $2,280 Apr& Sold merchandise for $1,400, with credit terms of 1/10, n/30; invoice dated
April 8.Cost of the merchandise is $980 Thustoner ln the 4orii 1 sale returned 546 of erchandise for full credit. The serchandise, which had cost 5276, is returned to inventory
Apr. 11 Received payment for the amount due from the Apri1

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

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