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On August 7. Imports to Wildhorse Co, sold merchandise with a cost of $253 for $710 to Jade Biss who used an imports to Wildhorse

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On August 7. Imports to Wildhorse Co, sold merchandise with a cost of $253 for $710 to Jade Biss who used an imports to Wildhorse Co credit card for payment. On August 15, Jade returned $120 of merchandise that was damaged and the goods were scrapped. On September 7, Imports to Wildhorse Co. recorded interest on the credit card balance owing on Jade Biggs's account. Imports to Wildhorse Co. charges 18% on any balance owing on its credit cards. Debit Credit (To record credit card sale on account.) (To record cost of goods sold.) (To record interest earned)

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