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Melody Chocolate Co.completed the following transactions and uses a perpetual inventory system. June 4 Sold $600 of merchandise on credit (that had cost $400) to
Melody Chocolate Co.completed the following transactions and uses a perpetual inventory system. June 4 Sold $600 of merchandise on credit (that had cost $400) to Rahul Vaidya, terms n/15. 5 Sold $6,600 of merchandise (that had cost $4,400) to customers who used their Xoom cards. Xoom charges a 3% fee. 6 Sold $5,550 of merchandise (that had cost $3,500) to customers who used their Paytm cards Paytm charges a 2% fee. 8 Sold $4.000 of merchandise (that had cost $2.500) to customers who used their Xoom cards, Xoom charges a 3% fee. 13 Wrote off the account of Nikki Tamboli against the Allowance for Doubtful Accounts. The $519 balance in Nikki's account was from a credit sale last year. 18 Received Rahul'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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