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 A June - Sold $1,900 of merchandise on credit (that had cost $1,100) to Natara Morris, terms wil June 5 sold $21,000 of merchandise (that had cost $12,600) to customers who used their misa cards. Zisa charges a 2% fee. June 6 sold $15,000 of merchandise (that had cost $9.000) to customers who used their Access cards. Access charges a 1% fee. June 8 sold $13,000 of merchandise (that had cost $2.900) to customers who used their access cards, Access charges a ix fee. June 13 wrote off the account of Abigail Mckee against the Allowance for Douburut Accounts. The $1,500 balance in McKee's account was from a credit sale last year. June 18 Received Morris's check in full payment for the June purchase Required: Prepare journal entries to record the preceding transactions and events View transaction list Journal entry worksheet 2 Record cost of goods sold, $1,100. 3 Sold $21,000 of merchandise to customers who used their Zisa cards. Zisa charges a 2% fee. 4 Record cost of goods sold, $12,600. Credit 5 Sold $15,000 of merchandise to customers who used their Access cards. Access charges a 1% fee. 6 Record cost of goods sold, $9,000. Note : = journal entry has been entered Record entry Clear entry View general journal X --- their Access cards. Access charges a 1% fee. 6 Record cost of goods sold, $9,000. 7 Sold $13,000 of merchandise to customers who used their Access cards. Access charges a 3% fee. 8 Record cost of goods sold, $2,900. 9 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $1,560 balance in McKee's account was from a credit sale last year. 10 Received Morris's check in full payment for the June 4 purchase. Note : journal entry has been entered