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On January 10, Jill Flynn uses her Calhoun Co. credit card to purchase merchandise from CalhounCo. for 9,000. On February 10, Flynn is billed for
On January 10, Jill Flynn uses her Calhoun Co. credit card to purchase merchandise from CalhounCo. for 9,000.
On February 10, Flynn is billed for the amount due of 9,000. On February 12,Flynn pays 5,000 on the balance due.
On March 10, Flynn is billed for the amount due, includinginterest at 2% per month on the unpaid balance as of February 12.
Prepare the entries onCalhounCo.'s books related to the transactions that occurred on January 10, February 12, and March 10.
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