Prepare journal entries to record each of the following sales transactions of a merchandising company. assume a perpetual inventory system. apr. 1 sold merchandise for $5,600, granting the customer terms of 5/10, eom; invoice dated april 1. the cost of the merchandise is $3,360. apr. 4 the customer in the april 1 sale returned merchandise and received credit for $640. the merchandise, which had cost $384, is returned to inventory. apr. 11 received payment for the amount due from the april 1 sale less the return on april 4.

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.