Question
1. On January 10, Molly Amise uses her Sheffield Corp. credit card to purchase merchandise from Sheffield Corp. for $1,800. On February 10, Molly is
1. On January 10, Molly Amise uses her Sheffield Corp. credit card to purchase merchandise from Sheffield Corp. for $1,800. On February 10, Molly is billed for the amount due of $1,800. 2. On February 12, Molly pays $900 on the balance due. 3. On March 10, Molly is billed for the amount due, including interest at 2% per month on the unpaid balance as of February 12.
Prepare the entries on Sheffield Corp.s books related to the transactions that occurred on January 10, February 12, and March 10. (Omit cost of goods sold entries. Round answers to 0 decimal places, e.g. 825. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No. Date Account Titles and Explanation Debit Credit 1. choose a transaction date Jan. 10 Feb. 12 Mar. 10 enter an account title to record the first transaction enter a debit amount enter a credit amount enter an account title to record the first transaction enter a debit amount enter a credit amount 2. choose a transaction date Jan. 10 Feb. 12 Mar. 10 enter an account title to record the second transaction enter a debit amount enter a credit amount enter an account title to record the second transaction enter a debit amount enter a credit amount 3. choose a transaction date Jan. 10 Feb. 12 Mar. 10 enter an account title to record the third transaction enter a debit amount enter a credit amount enter an account title to record the third transaction enter a debit amount enter a credit amount
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