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 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. June 4 Sold $700 of merchandise on credit (that had cost $350) to Natara Morris. 5 Sold $9,800 of merchandise (that had cost $4,900) to customers who uned their Zisa cards. 6 Sold $5,708 of merchandise (that had cont $2,854) to customers who used their Access cards. 8 Sold $4,830 of merchandise (that had cost $2,415) to customers who used their Access cards. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $534 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. 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.) View transaction list Journal entry worksheet Sold $9,800 of merchandise to customers who used their Zisa cards. Note: Enter debits before credits Date General Journal Debit Credit uns Prach Prev 1 of 1 !!! Next Required: Prepare journal entries to record the preceding transactions and events. (The company uses the perpe entry is required for a transaction/event, select "No journal entry required" in the first account field View transaction list Journal entry worksheet A Sold $5,708 of merchandise to customers who used their Access cards. Note: Enter debits before credits. Date General Journal Debit Credit June 06 Record entry Clear entry View general Journal Prev 1 of 1 Next Required: Prepare journal entries to record the preceding transactions and events. (The company uses the perp entry is required for a transaction/event, select "No journal entry required" in the first account field View transaction list Journal entry worksheet Record cost of goods sold, $2,854. Note: Enter debits before credits. Date General Journal Debit Credit June 06 Record entry Clear entry View general journal Prev 1 of Next Required: Prepare journal entries to record the preceding transactions and events. (The company uses the perpe entry is required for a transaction/event, select "No journal entry required" in the first account field View transaction list Journal entry worksheet 2 3 4 5 6 8 9 10 > bes Sold $4,830 of merchandise to customers who used their Access cards. Note: Enter debits before credits. Date General Journal Debit Credit June 08 Record entry Clear entry View general Journal Required: Prepare journal entries to record the preceding transactions and events. (The company uses the perpetual inver entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction list Journal entry worksheet Record cost of goods sold, $2,415. Note: Enter debits before credits. Date General Journal Debit Credit June 08 Record entry Clear entry View general journal Saved Required: Prepare journal entries to record the preceding transactions and events. (The company uses the perpetual inve entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 3 4 5 6 7 8 9 10 > Wrote off the account of Abigail Mckee against the Allowance for Doubtful Accounts. The $534 balance in McKee's account stemmed from a credit sale in October of last year. Note: Enter debits before credits. General Journal Debit Credit Date June 13 Record entry Clear entry View general journal Required: Prepare journal entries to record the preceding transactions and events. The company uses the perpetual in entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 5 6 7 8 9 A 18 Received Morris's check in full payment for the purchase of June 4. Note: Enter debits before credits. Date General Journal Debit Credit June 18 Record entry Clear entry View general Journal
