Journalize each of the following transactions assuming a perpetual inventory system. April 5 Sold merchandise to a customer for $6,700; terms 3/10,n/30 (cost of sales $3,980 ). 7 Made a cash sale of $5,000 of merchandise to a customer today (cost of sales $2,960 ). 8 Sold merchandise for $12,360; terms 3/10,n/30 (cost of sales $7,340 ). 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 3 Record sale of merchandise for $6,700;terms3/10,n/30. Wote: Enter debits before credits..