Mayfair Co completed the following transactions and uses a perpetual inventory system June 4 Sold $600 of merchandise on credit (that had cost $300) to Natara Morris, terms n 15 5 Sold $7,200 of merchandise (that had cost $3,600) to customers who used their Zisa cards Zisa charges a 5 5 fee 6 Sold $5,756 of merchandise (that had cost $2,878) to customers who used their Access cards Access charges a 4 5 fee 8 Sold $4,950 of merchandise (that had cost $2,475) to customers who used their Access cards Access charges a 4 5 fee 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts The $588 balance in McKees account was from a credit sale last year 18 Received Morriss check in full payment for the June 4 purchase Required Prepare journal entries to record the preceding transactions and events (Do not round intermediate calculations )

Question

Mayfair Co  completed the following transactions and uses a perpetual inventory system  June 4 Sold $600 of merchandise on credit (that had cost $300) to Natara Morris, terms n 15  5 Sold $7,200 of merchandise (that had cost $3,600) to customers who used their Zisa cards  Zisa charges a 5 5  fee  6 Sold $5,756 of merchandise (that had cost $2,878) to customers who used their Access cards  Access charges a 4 5  fee  8 Sold $4,950 of merchandise (that had cost $2,475) to customers who used their Access cards  Access charges a 4 5  fee  13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts  The $588 balance in McKees account was from a credit sale last year  18 Received Morriss check in full payment for the June 4 purchase  Required  Prepare journal entries to record the preceding transactions and events  (Do not round intermediate calculations )

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June	4	Sold $600 of merchandise on credit (that had cost $300) to Natara Morris, terms n/15.
	5	Sold $7,200 of merchandise (that had cost $3,600) to customers who used their Zisa cards. Zisa charges a 5.5% fee.
	6	Sold $5,756 of merchandise (that had cost $2,878) to customers who used their Access cards. Access charges a 4.5% fee.
	8	Sold $4,950 of merchandise (that had cost $2,475) to customers who used their Access cards. Access charges a 4.5% fee.
	13	Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $588 balance in McKees account was from a credit sale last year.
	18	Received Morriss check in full payment for the June 4 purchase.

Question

Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $600 of merchandise on credit (that had cost $300) to

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