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On January 15, Tundra Co. sold merchandise to customers for cash of $48,000 (cost $32,700). Merchandise costing $12,300 was sold to customers for $18,200 on

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On January 15, Tundra Co. sold merchandise to customers for cash of $48,000 (cost $32,700). Merchandise costing $12,300 was sold to customers for $18,200 on January 17, terms 2/10,n/30. Sales totalling $347.000 (cost $234,000) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25, sales of $85,200 (cost $57,200) 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 transactioglist 1 Record the sale of merchandise to cash customers. 2 Record the cost of sales 3 Record the sale of merchandise on terms 2/10, 1/30. Record the cost of sales s Record the sale of merchandise less credit card expense, Credit 6 Record the cost of sales. 7 Record the sale of merchandise less debit card expense 8 Record the cost of sales View transaction list Journal entry worksheet Record the cost of sales. Note: Enter debits before credits. Date General Journal Debit Credit Jan 17 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the cost of sales. Note: Enter debits before credits. Date General Journal Debit Credit Jan 20 Record entry Clear entry View general Journal Journal entry worksheet Record the cost of sales. Note: Enter debits before credits. Date General Journal Debit Credit Jan 25 Record entry Clear entry View general journal

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