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Question about perpetual inventory: A company had the following transactions: April 5: Sold $4000 of inventory...

Question about perpetual inventory:

A company had the following transactions:

April 5: Sold $4000 of inventory on account. Inventory costs $100. 2/10, n/30

April 9: Inventory returned and a $50 credit was sent back to the customer's account. The inventory that was returned cost $35.

April 14: Received payment for amount owed.

Create journal entries for these transactions.

Dates Account Titles Debits Credits
4/5
4/9
4/14
Business   Accounting   
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