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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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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 $9,600 of merchandise (that had cost $4,8ee) to customers who used their Zisa cards. Zisa charges a 4.5% fee. 6 Sold $6,128 of merchandise (that had cost $3,064) to customers who used their Access cards. Access charges a 3.5x fee. 8 Sold $4,860 of merchandise (that had cost $2,430) to customers who used their Access cards. Access charges a 3.5X fee. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $456 balance in McKee's account was from a credit sale last year. 18 Received Morris's 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:) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Sold $600 of merchandise on credit to Natara Morris, terms n/15. Note: Enter debits before credits. General Journal Debit Credit Date June 04 Saved 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, teres n/15. 5 Sold $9,600 of merchandise (that had cost $4, Bee) to customers who used their Zisa cards. Zisa charges a 4.5% fee. 6 Sold $6,128 of merchandise (that had cost $3,664) to customers who used their Access cards. Access charges a 3.5% fee. 8 Sold $4,860 of merchandise (that had cost $2,430) to customers who used their Access cards. Access charges a 3.5% fee. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $456 balance in McKee's account was from a credit sale last year. 18 Received Morris's 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.) View transaction list Journal entry worksheet 1 3 4 5 6 7 8 9 10 > Record cost of goods sold. $300. Note Enter debits before credits General Journal Debit Credit Date June 04 Next > June 4 Sold $600 of merchandise on credit (that had cost $380) to Natara Morris, terms n/15. 5 Sold $9,600 of merchandise (that had cost $4,8ee) to customers who used their Zisa cards. Zisa charges a 4.5% fee. 6 Sold $6,128 of merchandise (that had cost $3,064) to customers who used their Access cards. Access charges a 3.5% fee. 8 Sold $4,860 of merchandise (that had cost $2,430) to customers who used their Access cards. Access charges a 3.5% fee. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $456 balance in McKee's account was from a credit sale last year. 18 Received Morris's 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Sold $9,600 of merchandise to customers who used their Zisa cards. Zisa charges a 4.5% fee. Note: Enter debits before credits. Date General Journal Debit Credit June 05 Record entry Chew entry View general journal

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