Business, 29.07.2020 03:01 brainzz04

Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $700 of merchandise on credit (that had cost $280) to Natara Morris, terms n/15. 5 Sold $6,900 of merchandise (that had cost $2,760) to customers who used their Zisa cards. Zisa charges a 3.0% fee. 6 Sold $5,700 of merchandise (that had cost $2,280) to customers who used their Access cards. Access charges a 2.0% fee. 8 Sold $4,610 of merchandise (that had cost $1,844) to customers who used their Access cards. Access charges a 2.0% fee. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $683 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.

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Mayfair Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold...