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Transactions follow for the Cullumber Sports Ltd, store and four of its customers in the company's first month of business: June 3 6 2 19
Transactions follow for the Cullumber Sports Ltd, store and four of its customers in the company's first month of business: June 3 6 2 19 Ben Kidd used his Cullumber Sports credit card to purchase $1,090 of merchandise. Biljana Pavic used her MasterCard credit card to purchase $800 of merchandise. MasterCard charges a 2.5% service fee. Nicole Montpetit purchased $455 of merchandise on account, terms 2/10,n/30. Bonnie Cutcliffe used her debit card to purchase $240 of merchandise. There is a $0.50 service charge on all debit card transactions. Ben Kidd made a $341 payment on his credit card account. Nicole Montpetit purchased an additional $489 of merchandise on account, terms 2/10, n/30. Nicole Montpetit paid the amount owing on her June 9 purchase. Biljana Pavic Lised her MasterCard to purchase $440 of merchandise. MasterCard charges a 2.5% service fee. 20 23 25 30 Record the above transactions. Ignore any inventory, cost of goods sold, and refund liability entries for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 2 decimal places, e.g. 52.75. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit . (To record sale using credit card.) Date Account Titles and Explanation Debit Credit (To record sale using credit card.) June 6 + (To record sale using credit card.) (To record sale on account.) June 19 . + (To record sale using debit card.) (Collection on credit card sale.) (To record sale using debit card.) (Collection on credit card sale.) + + (To record sale on account.) + + (To record collection on account.) June 30 + (To record sale using credit card.) Save for Later Attempts: 0 of 2 used Submit Answer Transactions follow for the Cullumber Sports Ltd, store and four of its customers in the company's first month of business: June 3 6 2 19 Ben Kidd used his Cullumber Sports credit card to purchase $1,090 of merchandise. Biljana Pavic used her MasterCard credit card to purchase $800 of merchandise. MasterCard charges a 2.5% service fee. Nicole Montpetit purchased $455 of merchandise on account, terms 2/10,n/30. Bonnie Cutcliffe used her debit card to purchase $240 of merchandise. There is a $0.50 service charge on all debit card transactions. Ben Kidd made a $341 payment on his credit card account. Nicole Montpetit purchased an additional $489 of merchandise on account, terms 2/10, n/30. Nicole Montpetit paid the amount owing on her June 9 purchase. Biljana Pavic Lised her MasterCard to purchase $440 of merchandise. MasterCard charges a 2.5% service fee. 20 23 25 30 Record the above transactions. Ignore any inventory, cost of goods sold, and refund liability entries for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 2 decimal places, e.g. 52.75. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit . (To record sale using credit card.) Date Account Titles and Explanation Debit Credit (To record sale using credit card.) June 6 + (To record sale using credit card.) (To record sale on account.) June 19 . + (To record sale using debit card.) (Collection on credit card sale.) (To record sale using debit card.) (Collection on credit card sale.) + + (To record sale on account.) + + (To record collection on account.) June 30 + (To record sale using credit card.) Save for Later Attempts: 0 of 2 used Submit
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