Problem 9-1A (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 501d $1,500 of Berchandise on credit (that had cost $900 ) to Natara Morris, terns n/15. June 5 Sold $17,000 of merchandise (that had cost $10,200 ) to custoners who used their Zisa cards. Zisa charges o is fee. June 6 Sold 512,600 of Berchandise (that had cost 37,200) to custoners who used their Access cards. Access charges a 3% fee. June \& Sold $10,000 of nerchandise (that had cost 32,900 ) to custoners tho used their Access cards. Access charmes a 2\% fee. June 13-Wrote off the account of Abigail Ackee against the Allowance for Doubtful Accounts. The $1,2e0 balance in McKee's account was from a credit sale last year. Juno 18 fleceived Morris's check in full payment for the June 4 purchase. Required: Prepare journal entrles to record the preceding transactions and events