Archer Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Commerce Bank or Goldman. Commerce Bank deducts a 3% service charge for sales on its credit card when customers use the Goldman card, a 2% service charge is deducted from sales on its card. Archer completed the following transactions in August. PROBL Proble Sales on card sal Aug. 4 Sold $3,700 of merchandise on credit that had cost $2.000) to McKenzie Carpenter. to Sold $5,200 of merchandise (that had cost $2.800) to customers who used their Commerce Bank credit cards. 1 Sold $1,250 of merchandise (that had cost $900) to customers who used their Goldman ceivable cards. Chapter 7 Accounting for Receivables 14 Received Carpenter's check in full payment for the purchase of August 4 15 Sold $3,250 of merchandise (that had cost $1,758) to customers who used their Goldman 140Cash cards Wrote off the account of Craw Co. against the Allowance for Doubtful Accounts. The $498 hal- ance in Craw Co.'s account stemmed from a credit sale in November of last year. 22 Required Prepare journal entries to record the preceding transactions and events. (The company uses the perpetual inventory system. Round amounts to the nearest dollar.)