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4 On January 15, Tundra Co. sold merchandise to customers for cash of $35,000 (cost $23,800) Merchandise costing $8.800 was sold to customers for
4 On January 15, Tundra Co. sold merchandise to customers for cash of $35,000 (cost $23,800) Merchandise costing $8.800 was sold to customers for $13,200 on January 17, terms 2/10, n/30. Sales totalling $248,200 (cost $167,000) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25, sales of $60,800 (cost $40,800) 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) 00:40 58 im View transaction list Journal entry worksheet 1 6 7 B Record the sale of merchandise to cash customers. Note: Enter debits before credits Date Jan 15 General Journal Debit Credit
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