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please do all 10 entries Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $700 of merchandise on credit
please do all 10 entries
Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $700 of merchandise on credit (that had cost $350) to Natara Morris, terms n/15. 5 Sold $7,800 of merchandise (that had cost $3,900) to customers who used their Zisa cards. Zisa charges a 2.5% fee. 6 Sold $5,764 of merchandise (that had cost $2,882) to customers who used their Access cards. Access charges a 1.5% fee. 8 Sold $4,380 of merchandise (that had cost $2,190) to customers who used their Access cards. Access charges a 1.5% fee. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $645 balance in McKee's account was from a credit sale last year. 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events. (Do not round intermediate calculations.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 10 > Sold $700 of merchandise on credit to Natara Morris, terms n/15. Note: Enter debits before credits. General Journal Debit Credit Date June 04 Record entry Clear entry View general journalStep by Step Solution
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