April 1 Sold merchandise for $4,800, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,880. April 4 The customer in the April 1 sale returned $560 of merchandise for full credit. The merchandise, which had cost. $336, is returned to inventory. April 8 Sold merchandise for $1,900, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,330. April 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet 1 2 3 Date April 01 Note: Enter debits before credits. 4 5 Sold merchandise for $4,800, with credit terms n/30. 6 General Journal 7 Debit Credit
April 1 Sold merchandise for $4,800, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $2,880. April 4 The customer in the April 1 sale returned $560 of merchandise for full credit. The merchandise, which had cost. $336, is returned to inventory. April 8 Sold merchandise for $1,900, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,330. April 11 Received payment for the amount due from the April 1 sale less the return on April 4. View transaction list Journal entry worksheet 1 2 3 Date April 01 Note: Enter debits before credits. 4 5 Sold merchandise for $4,800, with credit terms n/30. 6 General Journal 7 Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
![April 1 Sold merchandise for $4,800, with credit terms n/30; invoice dated April 1. The cost of the merchandise is
$2,880.
April 4
The customer in the April 1 sale returned $560 of merchandise for full credit. The merchandise, which had cost
$336, is returned to inventory.
April 8
Sold merchandise for $1,900, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise
is $1,330.
April 11 Received payment for the amount due from the April 1 sale less the return on April 4.
View transaction list
Journal entry worksheet
1
2 3 4 5 6 7
Sold merchandise for $4,800, with credit terms n/30.
Note: Enter debits before credits.
Date
April 01
General Journal
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ad4fb09-2826-4729-9399-3908b8eb6197%2F52678573-26eb-4eee-9fdd-a0b503707bef%2Falnpq4a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:April 1 Sold merchandise for $4,800, with credit terms n/30; invoice dated April 1. The cost of the merchandise is
$2,880.
April 4
The customer in the April 1 sale returned $560 of merchandise for full credit. The merchandise, which had cost
$336, is returned to inventory.
April 8
Sold merchandise for $1,900, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise
is $1,330.
April 11 Received payment for the amount due from the April 1 sale less the return on April 4.
View transaction list
Journal entry worksheet
1
2 3 4 5 6 7
Sold merchandise for $4,800, with credit terms n/30.
Note: Enter debits before credits.
Date
April 01
General Journal
Debit
Credit
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