Problem 7-1A (Algo) Sales on credit and sales on credit cards LO C1 Mayfair Company completed the following transactions and uses a perpetual inventory system.

June 4 Sold $1,300 of merchandise on credit (that had cost $800) to Natara Morris, terms n/15. June 5 Sold $14,000 of merchandise (that had cost $8,400) to customers who used their Zisa cards. Zisa charges a 2% fee. June 6 Sold $10,000 of merchandise (that had cost $6,000) to customers who used their Access cards. Access charges a 1% fee. June 8 Sold $9,000 of merchandise (that had cost $2,900) to customers who used their Access cards. Access charges a 3% fee. June 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $1,080 balance in McKees account was from a credit sale last year. June 18 Received Morriss check in full payment for the June 4 purchase.

Required: Prepare journal entries to record the preceding transactions and events.

There should be 10 Journal Entry's.