Mayfair Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards; Zisa or Barclays Zisa deducts a 3.0% service charge for sales on its credit card and transfers funds to the banks of Mayfair immediately upon receiving the credit card sales data. Barclays deducts 2.0% service charge and transfers the funds to Mayfair within 4-8 business days. Mayfair batches the Zisa and the Barclays credit card sales data daily to the card companies. Mayfair completes the following transactions in June.

er 07 ? ezto.m tpx?-06 728393.1 Accounting 2001 Introduction to Financlal NTING r 07- Problem I (P7-1) value 100.00 points Mayfair Co. allows select customers to make purchases on credit. Its other s oed card and transfers funds o the bank account of Mayfair immediately upon receiving the credit card sales data. Barclay deducts a 2 0% sence charge and transfers the uds to Mayfair within 4 to 8 business days. Mayfair batches the Zisa and the Barclay credit card sales data daily to the card companies. Maytair completes the tollowing transactions in June can use either or two credit cards zi sa or Barclay Zsa deducts a 30% service charge for sales on 4 Sold $600 of merchandise (that had cost $240) on credit to Natara Morris 5 Sold $7,000 of merchandise (that had cost $2,800) to customers who used their Zisa cards 6 Sold $5.890 of 8 Sold $4,410 of merchandise (that had cost $1,764) to customers who used their 13 Wrote off the account of Abigail McKee against the June (that had cost $2,356) to for for the June 6 and June 8 transactions. the transferred funds owed from Morris's check in full payment for the purchase of June 4 18 Required our final answers to the nearest whole dollar. If field.) no entry is required for a transaction/event, select "No journal entry required" in the first account /9/2018 Type here to search