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Mayfair Company completed the following transactions and uses a perpetual Inventory system. June 4 Sold $1,6ee of merchandise on credit (that had cost $1,eee) to
Mayfair Company completed the following transactions and uses a perpetual Inventory system. June 4 Sold $1,6ee of merchandise on credit (that had cost $1,eee) to Natara Morris, terms n/15. June 5 Sold $18,888 of merchandise (that had cost $10,880) to customers who used their Zisa cards. Zisa charges a 2x fee. June 6 Sold $13,688 of merchandise (that had cost $7,see) to customers who used their Access cards. Access charges a 1% fee. June 8 Sold $11, e88 of merchandise (that had cost $2,908) to customers who used their Access cards. Access charges a 3% fee. June 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $1,32e balance in McKee's account was from a credit sale last year. June 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare joumal entries to record the preceding transactions and events. View transaction at Journal entry worksheet 2 3 4 5 6 7 8 9 Sold $1,500 of merchandise on credit to Natara Morris, terms /15. 7 10 > Note: Enter debits before credits Date General Journal Debit Credit June 04 Record entry Clear entry View general Journal
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