On January 15, Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900). Merchandise costing $11,100 was sold to customers for $16,600 on January 17; terms 2/10, n/30. Sales totalling $313,000 (cost $210,000) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25, sales of $76,400 (cost $51,200) 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 transaction list Journal entry worksheet

On January 15, Tundra Co sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 ; terms 2/10, n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee. On January 25,5ales of $76,400 (cost $51,200 ) 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) On January 15, Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 ; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25 , sales of $76,400 (cost $51,200 ) 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). On January 15 , Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee, On January 25 , sales of $76,400 (cost $51,200 ) 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). On January 15, Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 ; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25 , sales of $76,400 (cost $51,200 ) 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). On January 15, Tundra Co, sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 ; terms 2/10,n/30. Sales totalling $313,000(cost$210,000) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25 , sales of $76,400 (cost $51,200 ) 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). On January 15, Tundra Co sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 , terms 2/10,n/30 Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee On January 25,5ales of $76,400 (cost $51,200 ) 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). On January 15, Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25 , sales of $76,400 (cost $51,200 ) 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) On January 15, Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was 50 ld to customers for $16,600 on January 17 ; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee. On January 25,5a les of $76,400 (cost $51,200 ) 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) On January 15, Tundra Co sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 ; terms 2/10, n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee. On January 25,5ales of $76,400 (cost $51,200 ) 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) On January 15, Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 ; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25 , sales of $76,400 (cost $51,200 ) 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). On January 15 , Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee, On January 25 , sales of $76,400 (cost $51,200 ) 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). On January 15, Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 ; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25 , sales of $76,400 (cost $51,200 ) 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). On January 15, Tundra Co, sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 ; terms 2/10,n/30. Sales totalling $313,000(cost$210,000) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25 , sales of $76,400 (cost $51,200 ) 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). On January 15, Tundra Co sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17 , terms 2/10,n/30 Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee On January 25,5ales of $76,400 (cost $51,200 ) 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). On January 15, Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was sold to customers for $16,600 on January 17; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25 , sales of $76,400 (cost $51,200 ) 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) On January 15, Tundra Co. sold merchandise to customers for cash of $44,000 (cost $29,900 ). Merchandise costing $11,100 was 50 ld to customers for $16,600 on January 17 ; terms 2/10,n/30. Sales totalling $313,000 (cost $210,000 ) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee. On January 25,5a les of $76,400 (cost $51,200 ) 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)