Mayfair Company completed the following transactions and uses a perpetual inventory system.

June 4 Sold $1,400 of merchandise on credit (that had cost $800) to Natara Morris, terms n/15.

June 5 Sold $15,000 of merchandise (that had cost $9,000) to customers who used their Zisa cards. Zisa charges a 3% fee.

June 6 Sold $11,000 of merchandise (that had cost $6,600) to customers who used their Access cards. Access charges a 2% fee.

June 8 Sold $9,000 of merchandise (that had cost $2,900) to customers who used their Access cards. Access charges a 1% fee.

June 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $1,080 balance in McKees account was from a credit sale last year.

June 18 Received Morriss check in full payment for the June 4 purchase.

Journal Entry

1.June 4th: sold $1,400 of merchandise on credit to Natara Morris, terms n/15.

2. June4th: Record cost of goods sold, $800

3. June 5th: Sold $15,000 of merchandise to customers who used their Zisa cards. Zisa charges a 3% fee.

4. June 5th: Record cost of goods sold, $9,000.

5. June 6th: Sold $11,000 of merchandise to customers who used their Access cards. Access charges a 2% fee.

6. June 6th: Record cost of goods sold, $6,600.

7. June 8th: Sold $9,000 of merchandise to customers who used their Access cards. Access charges a 1% fee.

8. June 8th: Record cost of goods sold, $2,900.

9. June 13: Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $1,080 balance in McKees account was from a credit sale last year.

10. June 18: Received Morris's check in full payment for the June 4 purchase.