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 $1,800 of merchandise on credit (that had cont $1,100) to Natara Morris, term n/15. June 5 sold $20,000 of merchandise (that had cost $12,000) to customers who used their lisa cards. Disa charges a It fee. June 6 Sold $14,000 of merchandise (that had cost $8,400) to customers who used their Access cards. Access charges a fee. June 8 Sold $12,000 of merchandise (that had cost $2,900) to customers who used their access cards. Access charges a 20 fee. June 13 Wrote ott the account of Abigail McKee against the Allowance for Doubtful Accounts. The $1,440 balance in McKee's account was from a credit sale last year. June 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events. Problem 7-1A (Algo) Sales on credit and sales on credit cards LO C1 Mayor Company comleted the following transactions and uses o perpetual Inventory system Sol. s rost 1,100 to Mar 38, od that, te whether ta old at what we wed the od 12.40 101 who was the 13 Wet of the catalhe Alte Des A dlate de for the Required: Prepare ournal entities of the preceding transactions and events Vowel Journal entry worksheet 15 2 1 T 10 Scio 1200 down Menderes D De D C We 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. 14 Het schade it that had cont 51,100) tatare Mais told me top of handia (the cout $12,060) to customer who need the Sold $14,018 of me tha 19,4967 te toets when this Tes: June 12.12.16) tots who me that Junts in the Alle restful Arou MALLA Later 1 is to the purchae Required Prepare you to record the preceding transactions and events www Journal entry worksheet 1 2 3 4 7 Rost of goods 1,100 Genel Del C Choy mewo Problem 7-1A (Algo) Sales on credit and sales on credit cards LO C1 Mayla Company completed the following transaction and uses a perpetual inventory system di 1.100 to 120.000,00) wethalet 14.10.40 re M. 3,00 MTV TRAINE Required Prepare to record the preceding transactions and events Journal entry worksheet > 2 4 5 2 6 10 Sed 20.000 methandise when this can char Dele Where Problem 71A (Algo) Sales on credit and sales on credit cards LO C1 Mayor Compacted the following tractions and uses a perpetual inventory system Hollows that com 1.10) Maare Hris, ten olar M43,000 when the rahat 1.4 Whether d12.00 where w the truth layer Mick in the Required Preprenants to record the preceding transactions and events Venet Journal entry worksheet We of the flower for Debt Account. The $1.440 Marmar De wa View KO Problem 7-1A (Algo) Sales on credit and sales on credit cards LO C1 Mayor Company completed the following transactions and uses a perpetual inventory system Je were that 10 to Morris, en Men 12.000 tuntia wewed their for od 14 otto where there Martheir hom at MALALI DA Makot 14 All the Required: Prepuna entre come preceding transactions and events View Journal entry worksheet
