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Mayfair Co. completed the following transactions and uses a perpetual Inventory system. June 4 Sold $650 of merchandise on credit (that had cost $480) to

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Mayfair Co. completed the following transactions and uses a perpetual Inventory system. June 4 Sold $650 of merchandise on credit (that had cost $480) to Natara Morris, terms n/15. 5 Sold $6,900 of merchandise (that had cost $4,200) to customers who used their Zisa cards. Zisa charges a 3% fee. 6 Sold $5,858 of merchandise (that had cost $3,800) to customers who used their Access cards. Access charges a 2x fee. & Sold $4,350 of merchandise (that had cost $2,90e) to customers who used their Access cards. Access charges a 2x fee. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $429 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. Journal entry worksheet 2 3 4 5 6 7 8 9 10 > Sold $650 of merchandise on credit to Natara Morris, terms /15. Note: Enter debits before credits. Date General Journal Debit Credit June 04 Record entry 1: Clear entry View general journal Journal entry worksheet 4 5 6 7 8 9 10 > Record cost of goods sold, $400. Note: Enter debits before credits, Date General Journal Debit Credit June 04 Record entry Clear entry View general journal Journal entry worksheet Record cost of goods sold, $4,200. Note: Enter debits before credits. 6 . Date General Journal Debit Credit June 05 1 TTT 1 1 1 1 - Record entry Clear entry View general journal Journal entry worksheet Sold $5,850 of merchandise to customers who used their Access cards. Access charges a 2% fee. Note: Enter debits before credits. Date General Journal Debit Credit June 06 Record entry Clear entry View general journal Journal entry worksheet 6 7 8 9 10 > Record cost of goods sold, $3,800. Note: Enter debits before credits. Date General Journal Debit Credit June 06 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 8 9 10 Sold $4,350 of merchandise to customers who used their Access cards. Access charges a 2% fee. Note: Enter debits before credits. Date General Journal Debit Credit June 08 Record entry Clear entry View general journal Journal entry worksheet

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