Mayfair Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or Access. Zisa deducts a 5.5% service charge for sales on its credit card. Access deducts a 4.5% service charge for sales on its card. Mayfair completes the following transactions in June. June 4 Sold $600 of merchandise on credit (that had cost $240) to Natara Morris. 5 Sold $7,100 of merchandise (that had cost $2,840) to customers who used their Zisa cards. 6 Sold $6,152 of merchandise (that had cost $2,461) to customers who used their Access cards. 8 Sold $4,300 of merchandise (that had cost $1,720) to customers who used their Access cards. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $739 balance in McKee’s account stemmed from a credit sale in October of last year. 18 Received Morris’s check in full payment for the purchase of June 4. Required: Prepare journal entries to record the preceding transactions and events. (The company uses the perpetual inventory system.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 Sold $600 of merchandise on credit to Natara Morris. 2 Record cost of goods sold, $240 3 Sold $7,100 of merchandise to customers who used their Zisa cards. 4 Record cost of goods sold, $2,840. 5 Sold $6,152 of merchandise to customers who used their Access cards. 6 Record cost of goods sold, $2,461. 7 Sold $4,300 of merchandise to customers who used their Access cards. 8 Record cost of goods sold, $1,720. 9 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $739 balance in McKee’s account stemmed from a credit sale in October of last year. 10 Received Morris's check in full payment for the purchase of June 4.

Question

Mayfair Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or Access. Zisa deducts a 5.5% service charge for sales on its credit card. Access deducts a 4.5% service charge for sales on its card. Mayfair completes the following transactions in June.

June	4	Sold $600 of merchandise on credit (that had cost $240) to Natara Morris.
	5	Sold $7,100 of merchandise (that had cost $2,840) to customers who used their Zisa cards.
	6	Sold $6,152 of merchandise (that had cost $2,461) to customers who used their Access cards.
	8	Sold $4,300 of merchandise (that had cost $1,720) to customers who used their Access cards.
	13	Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $739 balance in McKee’s account stemmed from a credit sale in October of last year.
	18	Received Morris’s check in full payment for the purchase of June 4.

Required:
Prepare journal entries to record the preceding transactions and events. (The company uses the perpetual inventory system.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1

Sold $600 of merchandise on credit to Natara Morris.
2

Record cost of goods sold, $240
3

Sold $7,100 of merchandise to customers who used their Zisa cards.
4

Record cost of goods sold, $2,840.
5

Sold $6,152 of merchandise to customers who used their Access cards.
6

Record cost of goods sold, $2,461.
7

Sold $4,300 of merchandise to customers who used their Access cards.
8

Record cost of goods sold, $1,720.
9

Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $739 balance in McKee’s account stemmed from a credit sale in October of last year.
10

Received Morris's check in full payment for the purchase of June 4.