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2:01 N ces Problem 9-1A (Algo) Sales on credit and sales on credit cards LO C1 Mayfair Company completed the following transactions and uses
2:01 N ces Problem 9-1A (Algo) Sales on credit and sales on credit cards LO C1 Mayfair Company completed the following transactions and uses a perpetual inventory system. June 4 Sold $2,000 of merchandise on credit (that had cost $1,200) to Natara Morris, terns n/15. June 5 Sold $22,000 of merchandise (that had cost $13,200) to customers who used their tisa cards. Zisa charges a 31 fee. June 6 Sold $15,000 of merchandise (that had cost $9,000) to customers who used their Access cards. Access charges a 21 fee. June 8 Sold $13,000 of merchandise (that had cost $2,900) to customers who used their Access cards. Access charges a 18 fee. June 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $1,560 balance in McKee's account was from a credit sale last year. June 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Sold $2,000 of merchandise on credit to Natara Morris, terms n/15.
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