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Chapter 7 Problems i Saved Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 2.5 points 4 Sold $800 of merchandise
Chapter 7 Problems i Saved Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 2.5 points 4 Sold $800 of merchandise on credit (that had cost $400) to Natara Morris, terms n/15. 5 Sold $6,600 of merchandise (that had cost $3,300) to customers who used their Zisa cards. Zisa charges a 4.0% fee. 6 Sold $6,014 of merchandise (that had cost $3,007) to cus o used their Access cards. Access charges a 3.0% fee. 8 Sold $4,350 of merchandise (that had cost $2,175) to customers who used their Access cards. Access charges a 3.0% fee. 13 Wrote off the account of Abigail Mckee against the Allowance for Doubtful Accounts. The $499 balance in Mckee's account was from a credit sale last year. 18 Received Morris's check in full payment for the June 4 purchase. Skipped Required: Prepare journal entries to record the preceding transactions and events. (Do not round intermediate calculations.) eBook View transaction list Print Journal entry worksheet 2 3 4 5 6 7 8 9 10 Sold $800 of merchandise on credit to Natara Morris, terms n/15. Note: Enter debits before credits. Date General Journal Debit Credit June 04 Record entry Clear entry View general journal
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