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please solve this 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
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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 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 2 3 Date Jan 15 Note: Enter debits before credits 5 Record the sale of merchandise to cash customers. 6 General Journal 7 8 Debit Credit Required: Prepare journal entries for each of the transactions described (assume a perpetual inventory system). View transaction list Journal entry worksheet 1 2 Date Jan 15 3 Note: Enter debits before credits. Record entry 4 Record the sale of merchandise to cash customers. 5 General Journal 6 Clear entry 8 Debit Credif View general Journal Step by Step Solution
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