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Mayfair Company completed the following transactions and uses a perpetual inventory system. June 4 Sold $1,300 of merchandise on credit (that had cost $800) to

Mayfair Company completed the following transactions and uses a perpetual inventory system. June 4 Sold $1,300 of merchandise on credit (that had cost $800) to Natara Morris, terms n/15. June 5 Sold $14,000 of merchandise (that had cost $8,400) to customers who used their Zisa cards. Zisa charges a 28 fee. June 6 Sold $10,000 of merchandise (that had cost $6,000) to customers who used their Access cards. Access charges a 18 June 8 Sold $9,000 of merchandise (that had cost $2,900) to customers who used their Access cards. Access charges a 38 fee. fee. June 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $1,080 balance in McKee's account was from credit sale last year. June 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events.
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Mayfair Company completed the following transactions and uses a perpetual inventory system. June 4 Sold $1,300 of merehandise on credit (that had cost $800 ) to Matara Morris, terns n/15. June 5 sold $14,000 of merchandiso (that had cost $8,400 ) to customere who ured their zisa carda. Zisa chargen a 28 June 6 sold $10,000 of nerchandise (that had cost $6,000 ) to custoners who used their Access cardn. Access eharges a 11 tee. June 8 fold 59,000 of merehandise (that had cost 52,900 ) to eustonern whe used their Access cards. Accesa charges a 31 June 13 Wrote oft the account of abigail Mekee againat the Allowance for Doubtful Accounts. The $1, 080 balance in fee. Mokee' a account wan from beredit salo last year. June 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events

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