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Mayfair Company completed the following transactions and uses a perpetual inventory system. June 4 Sold $650 of merchandise on credit (that had cost $460 )

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Mayfair Company completed the following transactions and uses a perpetual inventory system. June 4 Sold $650 of merchandise on credit (that had cost $460 ) to Natara Morris, terms n/15. June 5 sold $6,990 of merchandise (that had cost $4,200 ) to customers who used their Zisa cards. Zisa charges a 3x fee. June 6 sold $5,850 of merchandise (that had cost $3,800 ) to customers who used their Access cards. Access charges a 2% fee. June 8 Sola $4,350 of merchandise (that had cost $2,900 ) to customers who used their Access cards. Access charges a 2% fee. Jone 13 Wrote off the account of Abigall Mckee against the Allowance for Doubtful Accounts. The $429 balance in McKee's account was from a credit sale last year. aune 18 Received Morris's check in full paynent for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events

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