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Journalize each of the following transactions assuming a perpetual inventory system. April 5 Sold...

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Accounting

Journalize each of the following transactions assuming a perpetual inventory system.
April 5 Sold merchandise to a customer for $6,300; terms 110,n30(cost of sales $3,580).
7 Made a cash sale of $4,600 of merchandise to a customer today (cost of sales $2,560).
8 Sold merchandise for $11,900; terms 110,n30(cost of sales $6,940).
15 collected the amount owing from the credit customer of April 5.
May 4 The customer of April 8 paid the balance owing.
Journal entry worksheet
1
2
3
4
5
6
7
8
Record sale of merchandise for $6,300; terms 110,n30.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
image

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