Question-4 (15 Marks). Credit card and debit card transactions On January 15, Tundra Co. sold merchandise to customers for cash of $42,000 (cost $28,500). Merchandise costing $10,500 was sold to customers for $15,800 on January 17; terms 2/10, n/30. Sales totaling $296,000 (cost $198,000) were recorded on January 20 to customers using MasterCard; assume the credit card charges a 2% fee. On January 25, sales of $72,000 (cost $48,200) 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). Question-5 (20 Marks) The following information was available for Wild Oat Company for the month ended May 31, 2020. (a) The book balance at May 31, 2020 was $6.890.22 (b) The bank balance at May 31, 2020 was $8,660.22, (c) Outstanding cheques amounted to $6,310. (d) The May 31st cash receipts of $5,600 were deposited but have not yet appeared on the bank statement (e) A $50 debit memorandum for cheques printed by the bank was included with the cancelled cheques () A customer's note for $1,000 was collected by the bank. In addition, interest on the note was $110. Prepare a bank reconciliation for Wild Oat Company at May 31, 2020