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Mayfair Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or Access. Zisa deducts
Mayfair Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or Access. Zisa deducts a 6% service charge for sales on its credit card. Access deducts a 5.0% service charge for sales on its card.
Problem 9-1A Sales on account and credit card sales LO C1 357 Mayfair Co allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or Access Zsa deducts a 6 0% service charge for sales on its credit card. Access deducts a 5.0% service charge for sales on its card. Mayfair completes the following transactions in June ebookJune 4 Sold $500 of merchandise on credit (that had cost $200) to Natara Morris. 5 Sold $6,900 of merchandise (that had cost $2,760) to customers who used their Zisa cards. 6 Sold $6,146 of merchandise (that had cost $2,458) to customers who used their Access cards. 8 Sold $4,960 of merchandise (that had cost $1,984) to customers who used their Access cards. 13 Wrote off the account of Abigail Mckee against the Allowance for Doubtful Accounts. The $510 balance in McKee's account stemmed from a credit sale in October of last year. 18 Received Morris's check in full payment for the purchase of June 4. 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.) Debit Credit June 04 500 1 of 7 Just need help with Jun 5, Jun 6, and Jun 8th.
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