Transaction List

• 1

  Sold $650 of merchandise on credit to Natara Morris, terms n/15.

• 2

  Record cost of goods sold, $400.

• 3

  Sold $6,900 of merchandise to customers who used their Zisa cards. Zisa charges a 3% fee.

• 4

  Record cost of goods sold, $4,200.

• 5

  Sold $5,850 of merchandise to customers who used their Access cards. Access charges a 2% fee.

• 6

  Record cost of goods sold, $3,800.

• 7

  Sold $4,350 of merchandise to customers who used their Access cards. Access charges a 2% fee.

• 8

  Record cost of goods sold, $2,900.

• 9

  Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $429 balance in McKees account was from a credit sale last year.

• 10

  Received Morriss check in full payment for the June 4 purchase.

Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $650 of merchandise on credit (that had cost $400) to Natara Morris, terms n/15. 5 Sold $6,900 of merchandise (that had cost $4,200) to customers who used their Zisa cards. Zisa charges a 3% fee. 6 Sold $5,850 of merchandise (that had cost $3,800) to customers who used their Access cards. Access charges a 2% fee. 8 Sold $4,350 of merchandise (that had cost $2,900) to customers who used their Access cards. Access charges a 2% fee. 13 Wrote off the account of Abigail Mckee against the Allowance for Doubtful Accounts. The $429 balance in McKee's account was from a credit sale last year. 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events. View transaction list View journal entry worksheet NO Date General Journal Debit Credit