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Maylair Compony completed the following transactions and uses a perpetual inventory system. June 4 Sold $2,400 of merchandise on credit (that had cost $1,4e0 )

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Maylair Compony completed the following transactions and uses a perpetual inventory system. June 4 Sold $2,400 of merchandise on credit (that had cost $1,4e0 ) to Natara Morris, terms n/15. June 5 Sold $26,000 of merchandise (that had cost $15,600 ) to custoners who used their Zisa cards. Zisa charges a 14 June 6 sold $18,000 of merchandise (that had cost $10,800) to custoners who used their Access cards. Access charges a June 8 Sold $15, eee of nerchandise (that had cost $2,900 ) to customers who used their Access cards. Access charges a June 13 Wrote off the account of Abigall McKee against the Allowance for Doubtful Accounts. The $1,800 balance in Mckee's account was from a credit sale last year, June 18 Received Morris's check in full paysent for the june 4 purchase. Required: 6 Record cost of goods sold, $10,800. 7 Sold $15,000 of merchandise to customers who used their Access cards. Access charges a 2% fee. 8 Record cost of goods sold, $2,900. 9 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $1,800 balance in McKee's account was from a credit sale last year. 10 Received Morris's check in full payment for the June 4 purchase. Note : = journal entry has been entered Required: Prepare journal entries to record the preceding transactions and events. 1 Sold $2,400 of merchandise on credit to Natara Morris, terms n/15. 2. Record cost of goods sold, $1,400. 3 Sold $26,000 of merchandise to customers who used their Zisa cards. Zisa charges a 1% fee. 4 Record cost of goods sold, $15,600. 5 Sold $18,000 of merchandise to customers who used their Access cards. Access charges a 3% fee. 6 Record cost of goods sold, $10,800. 7 Sold $15,000 of merchandise to customers who used

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