On January 10 Elaine Stahl uses her Salizar Co. credit card to purchase merchandise from Salizar Co. for $1,300. On February 10 Stahl is billed for the amount due of $1,300. On February 12 Stahl pays $800 on the balance due. On March 10 Stahl is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12.

Instructions Prepare the entries on Salizar Co.’s books related to the transactions that occurred on January 10, February 12, and March 10.