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Jave On January 15, Tundra Co. sold merchandise to customers for cash of $36,000 (cost $24,500). Merchandise costing $9,100 was sold to customers for $13,600
Jave On January 15, Tundra Co. sold merchandise to customers for cash of $36,000 (cost $24,500). Merchandise costing $9,100 was sold to customers for $13,600 on January 17; terms 2/10, n/30. Sales totalling $256,700 (cost $173,000) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25, sales of $63,000 (cost $42,300) 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) View transaction list Journal entry worksheet 1 2. 3 4 5 6 7 8 > Record the sale of merchandise to cash customers. Note: Enter debits before credits Date General Journal Debit Credit Jan 15 quired: epare journal entries for each of the transactions described (assume a perpetua View transaction list View journal entry worksheet EX: 1 Record the sale of merchandise to cash customers 2 Record the cost of sales. 3 Record the sale of merchandise on terms 2/10 n/30. 4 Record the cost of sales. 5 Record the sale of merchandise less credit card expense View transaction list View journal entry worksheet 1 Record the sale of merchandise to cash customers. 2 Record the cost of sales. 3 Record the sale of merchandise on terms 2/10, n/30. 4 Record the cost of sales. 5 Record the sale of merchandise less credit card expense. 6 Record the cost of sales. 7 Record the sale of merchandise less debit card expense. 8. Record the cost of sales. Note: - journal entry has been entered
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