Mayfair Co. allows select customers to make purchases on credit. Its other customers can use elther of two credit cards: Zisa or Access. Zisa deducts a 5.5 % service charge for sales on its credit card. Access deducts a 4.5% service charge for sales on its card. Mayfair completes the following transactions In June 4 Sold $500 of merchandise on eredit (that Sad coat $200) t0 Natara Morria terma n/30. S Sold $9,700 of merchandiee (that had cOst $3,880) o cuat0nEs who uned their isa cards 6 Sold $5,988 of merchandine (that had cOst $2,395) to cuatomers who 0sed their Access cards. 8 Sold $4,600 of merchandine (that had cOst $1,8400) co cuatoners who 0sed their Access carda. 13 Hrote off the account of Abigaii MaKee againet the Allowanee for Doubtful Aceounts.The $715 balance in MeKee's account stesned from a credit sale in Oetober of last year. 18 Received Morris's check in full paynent for the piurehase of June 4. Duse Required: Prepare journal entries to record the preceding transactions and events. (The company uses the perpetual inventory system.) Of no entry is required for a transactlon/event, select "No journal entry required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 23 3 4 5 6 7 8 10 Sold $500 of merchandise on credit to Natara Moms terms n/30 Note: Enter debits before credits Date General Journal Debit Credit June 04 1 of soLa , 6OU or merananoise (tnat naa coat 40 to cuatomers Who usea eneir Access caros. 13 Wrote off the aocount of Abigail Makee ageinat the A.owAnce for Doubtful Aecounts. The $215 balance in HeKee s account etemned fron a eredieeale in October of laet year 18 Received Morrin s check in full1 payment for the purchase of June 4 Required: Prepare jounal entries to record the preceding transactions and events. The company uses the perpetual Inventory system.) (If no entry Is requlred for a transaction/event, select No journal entry required in the first account fleld. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 10 Sold $500 of merchandise on credit to Natara Morris terms n/30. Note: Enter debits before credits Date General Journal Debit Credit June 04 Record entry Clear antry Viw gnalJournal Saved 7-Problem I (P7-1A) Mayfair Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zis8 or Access. Zisa deducts a 5.5 % service charge for sales on its credit card. Access deducts a 4.5% service charge for sales on its card. Mayfair completes the following transactions in June. 4 Sold $500 of merchandise on credit (that had cost $200) to Natara Morris terna n/30. 5 Sold $9,700 of merchandise (that had cost $3,880) to custoners who used their zisa cards. 6 Sold $5,988 of nerchandise (that had cost $2,395) to custoners who used their Access cards. 8 Sold $4,600 of nerchandise (that had cost $1,840) to custoners who used their Access cards. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounte. The $715 balance in McKee's account stemmed from a eredit sale in october of last year. 18 Received Morris's check in full payment for the purchase of June 4 June Required: Prepare journal entries to record the preceding transactions and events. (The company uses the perpetual inventory system.) (If noi entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to the nearest whole dollar.) es View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Sold $500 of merchandise on credit Natara Morris terms n/30. Prev 1 of 1 Next oeT 31 Required: Prepare journal entries to record the preceding transactions and events. (The company uses the perpetual inventory system.) (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet
