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15 Do P 4 On January 15, Tundra Co sold merchandise to customers for cash of $37,000 (cost $25,200) Merchandise costing $9,400 was sold
15 Do P 4 On January 15, Tundra Co sold merchandise to customers for cash of $37,000 (cost $25,200) Merchandise costing $9,400 was sold to customers for $14,000 on January 17; terms 2/10, n30 Sales totalling $265,200 (cost $179,000) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee. On January 25, sales of $65,200 (cost $43,800) were made to debit card customers. The bank charges Tundra a flat fee of 0.5% on all debit card transactions Required: Prepare journal entries for each of the transactions described (assume a perpetual inventory system). Journal entry worksheet 2 5 6 7 > Record the sale of merchandise to cash customers, Note: Enter debits before credits Date Jan 15 General Journal Debit Credit
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