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Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $700 of merchandise on credit (that had cost $350) to

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Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $700 of merchandise on credit (that had cost $350) to Natara Morris, terms n/15. 5 Sold $9,100 of merchandise (that had cost $4,550) to customers who used their lisa cards. Zisa charges a 6.08 fee. 6 Sold $6,110 of merchandise (that had cost $3,055) to customers who used their Access cards. Access charges a 5.0 fee. 8 Sold $4,870 of merchandise (that had cost $2,435) to customers who used their Access cards. Access charges a 5.08 fee. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $370 balance in McKee's account was from a credit sale last year. 18 Received Morris's check in full paynent for the June 4 purchase. View transaction list Journal entry worksheet Sold $9,100 of merchandise to customers who used their Zisa cards. Zisa charges a 6% fee. Note: Enter debits before credits. General Journal Date June 05 Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record cost of goods sold, $4,550. s Note: Enter debits before credits. General Journal Debit Date June 05 Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Sold $6,110 of merchandise to customers who used their Access cards. Access charges a 5% fee. Note: Enter debits before credits. Date General Journal Debit Credit June 06 Record entry Clear entry View general journal View transaction list Journal entry worksheet ok Received Morris's check in full payment for the June 4 purchase. ht nces Note: Enter debits before credits. General Journal Debit Credit Date June 18 Record entry Clear entry View general Journal

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