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On January 15, Tundra Co. sold merchandise to customers for cash of $34.000 (cost $23,100). Merchandise costing $8,500 was sold to customers for $12,800 on

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On January 15, Tundra Co. sold merchandise to customers for cash of $34.000 (cost $23,100). Merchandise costing $8,500 was sold to customers for $12,800 on January 17; terms 2/10, 1/30. Sales totalling $239,700 (cost $161,000) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee. On January 25, sales of $58,600 (cost $39,300) were made to debit card customers. The bank charges Tundra a flat fee of 0.5% on all debit card transactions, Required: Prepare journal entries for each of the transactions described (assume a perpetual inventory system). View transaction list Journal entry worksheet 1 6 6 7 8 Record the sale of merchandise to cash customers, Note: Enter debit before credits General Journal Debit Date Jan 15 Credit

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