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please help with the journal entries for this accounting set please and thank you Mayfair Company completed the following transactions and uses a perpetual inventory
please help with the journal entries for this accounting set please and thank you
Mayfair Company completed the following transactions and uses a perpetual inventory system. June 4 June 5 June 6 June 8 June 13 June 18 Sold $2,500 of merchandise on credit (that had cost $1,500) to Natara Morris, terms n/ 15. Sold $28,000 of merchandise (that had cost $16,800) to customers who used their Zisa cards. Zisa charges a 2% fee. Sold $20,000 of merchandise (that had cost $12,000) to customers who used their Access cards. Access charges a 1% fee. Sold $17,000 of merchandise (that had cost $2, 900) to customers who used their Access cards. Access charges a 3% fee. Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $2,040 balance in McKee's account was from a credit sale last year. Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Debit 9 Sold $2,500 of merchandise on credit to Natara Morris, terms n/ 15. Note: Enter debits before credits. 10 Credit Date June 04 Record entry General Journal Clear entry View general journal
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