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Current Attempt in Progress On August 7. Imports to Oriole Co. sold merchandise with a cost of $251 for $640 to Jade Biggs, who used
Current Attempt in Progress On August 7. Imports to Oriole Co. sold merchandise with a cost of $251 for $640 to Jade Biggs, who used an Imports to Oriole Co. credit card for payment. On August 15, Jade returned $110 of merchandise that was damaged and the goods were scrapped. On September 7, Imports to Oriole Co. recorded interest on the credit card balance owing on Jade Biggs's account. Imports to Oriole Co. charges 18% on any balance owing on its credit cards. Prepare journal entries to record the above transactions. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, eg. 52.73 Date Account Titles and Explanation Debit (To record credit card sale on account.) (To record cost of goods sold.) (To record credit card sale on account.) (To record cost of goods sold.) (To record refund on credit card sale (To record interest earned)
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