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hi i need help! Please make sure everything is visible in the picture when responded to! thank you so much!! Problem 7-1A (Algo) Sales on
hi i need help! Please make sure everything is visible in the picture when responded to! thank you so much!!
Problem 7-1A (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 $800 of merchandise on credit (that had cost $500) to Natara Morrio, terma n/15. June 5 soid $9,000 of merchandise (that had cont $5,400) to customers who used their zisa cards. kisa charges a 3* fee. June 6 sold $6,000 of merchandise (that had cost $3,600) to customers who used their access cards. Access charges a 27 fee. June 8 sold $5,000 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 $600 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 2 3 4 5 6 7 8 9 10 > Sold $800 of merchandise on credit to Natara Morris, terms 1/15. 1 Note: Enter debits before credits 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 > Record cost of goods sold, $500. Note: Enter debits before credits. General Journal Debit Credit Date June 04 Record entry Clear entry View general journal View transaction list Journal entry worksheet Step by Step Solution
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