Mayfair Co. completed the following transactions and uses a perpetual inventory system.

Required
Prepare journal entries to record these transactions and events.

Transcribed Image Text:

June 4 5 6 8 13 Sold $650 of merchandise on credit (that had cost $400) to Natara Morris, terms n/15. 18 Sold $6,900 of merchandise (that had cost $4,200) to customers who used their Zisa cards. Zisa charges a 3% fee. Sold $5,850 of merchandise (that had cost $3,800) to customers who used their Access cards. Access charges a 2% fee. Sold $4,350 of merchandise (that had cost $2,900) to customers who used their Access cards. Access charges a 2% fee. Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $429 balance in McKee's account was from a credit sale last year. Received Morris's check in full payment for the June 4 purchase.