Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What am i missing for this question? Co. completed the following transactions and uses a perpetual inventory system. Sold $700 of merchandise on oredit (that

What am i missing for this question?
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Co. completed the following transactions and uses a perpetual inventory system. Sold $700 of merchandise on oredit (that had cost $350 ) to Natara Morria, termn n/15. Sold $9,800 of merchandise (that had cont $4,900 ) to cuntomers who used their zisa carda, zisa chargen a 5.08 fee. Sold $5,808 of merchandise (that had cost $2,904 ) to cuatonera who used their Access cards. Mccesa eharges a 4.01 fee. Sold $4,880 of merchandise (that had coat $2,440 ) to customexs who used their Access cards. Acceas charges a 4.01 fee. Wrote off the account of Abigail MeKee againat the Allowance for Doubtful Accounts. The $505 balance in MoKea's account was from a credit wale last year. 8 Received Morrin' oheck in ful1 payment for the June 4 purchase. ed: e journal entries to record the preceding transactions and events. (Do not round intermediate calculations.) Journal entry worksheet Sold $9,800 of merchandise to customers who used their Zisa cards. Zisa charges a 5% fee. Note: thiter debiss before credits. Journal entry worksheet Sold $5,808 of merchandise to customers who used their Access cards. Access charges a 4% fee. Notet Enter debits before credits. Journal entry worksheet Sold $4,880 of merchandise to customers who used their Access cards. Access charges a 4% fee. Note: Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions