Question
Transactions follow for the Oriole Sports Ltd. store and four of its customers in the companys first month of business: June 3 Ben Kidd used
Transactions follow for the Oriole Sports Ltd. store and four of its customers in the companys first month of business: June 3 Ben Kidd used his Oriole Sports credit card to purchase $1,020 of merchandise. 6 Biljana Pavic used her MasterCard credit card to purchase $800 of merchandise. MasterCard charges a 2.5% service fee. 9 Nicole Montpetit purchased $419 of merchandise on account, terms 2/10, n/30. 19 Bonnie Cutcliffe used her debit card to purchase $234 of merchandise. There is a $0.50 service charge on all debit card transactions. 20 Ben Kidd made a $308 payment on his credit card account. 23 Nicole Montpetit purchased an additional $529 of merchandise on account, terms 2/10, n/30. 25 Nicole Montpetit paid the amount owing on her June 9 purchase. 30 Biljana Pavic used her MasterCard to purchase $480 of merchandise. MasterCard charges a 2.5% service fee. 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 0 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 choose a transaction date June 3 enter an account title to record sale using credit card enter a debit amount enter a credit amount enter an account title to record sale using credit card enter a debit amount enter a credit amount (To record sale using credit card.) June 6 enter an account title to record sale using credit card enter a debit amount enter a credit amount enter an account title to record sale using credit card enter a debit amount enter a credit amount enter an account title to record sale using credit card enter a debit amount enter a credit amount (To record sale using credit card.) choose a transaction date June 9 enter an account title to record sale on account enter a debit amount enter a credit amount enter an account title to record sale on account enter a debit amount enter a credit amount (To record sale on account.) June 19 enter an account title to record sale using debit card enter a debit amount enter a credit amount enter an account title to record sale using debit card enter a debit amount enter a credit amount enter an account title to record sale using debit card enter a debit amount enter a credit amount (To record sale using debit card.) choose a transaction date June 20 enter an account title to record Collection on credit card sale enter a debit amount enter a credit amount enter an account title to record Collection on credit card sale enter a debit amount enter a credit amount (Collection on credit card sale.) choose a transaction date June 23 enter an account title to record sale on account enter a debit amount enter a credit amount enter an account title to record sale on account enter a debit amount enter a credit amount (To record sale on account.) choose a transaction date June 25 enter an account title to record collection on account enter a debit amount enter a credit amount enter an account title to record collection on account enter a debit amount enter a credit amount (To record collection on account.) June 30 enter an account title to record sale using credit card enter a debit amount enter a credit amount enter an account title to record sale using credit card enter a debit amount enter a credit amount enter an account title to record sale using credit card enter a debit amount enter a credit amount (To record sale using credit card.).
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