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On January 15. Tundra Co. sold merchandise to customers for cash of $40,000 (cost $27.300). Merchandise costing $10,300 was sold to customers for $15,200 on

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On January 15. Tundra Co. sold merchandise to customers for cash of $40,000 (cost $27.300). Merchandise costing $10,300 was sold to customers for $15,200 on January 17, terms 2/10,n/30. Sales totalling $290,700 (cost $197.000) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee. On January 25, sales of $71,800 (cost $48,300) were made to debit card customers. The bank charges Tundra a fiat 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 2 3 5 6 7 8 Record the sale of merchandise to cash customers. Note: Enter debits before credits Date General Journal Dobit Credit Jan 15 View transaction list View journal entry worksheet X Debit Credit 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, n/30. 4 Record the cost of sales. 5 Record the sale of merchandise less credit card expense. 6 Record the cost of sales. 7 Record the sale of merchandise less debit card expense. 8 Record the cost of sales. Note: journal entry has been entered

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