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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

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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 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 $600 of merchandise on credit (that had cost $300) to Natara Morris. 5 Sold $6,500 of merchandise (that had cost $3,250) to customers who used their Zisa cards. 6 Sold $6,196 of merchandise (that had cost $3,098) to customers who used their Access cards. 8 Sold $4,980 of merchandise (that had cost $2,450) to customers who used their Access cards. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $371 balance in McKee 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 3 4 1 2 5 6 7 8 9 10 Sold $600 of merchandise on credit to Natara Morris Note: Enter debits before credits Date June 04 General Journal Debit Credit Prev 1 of 1 Next

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