Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system).   Sold $21,000 of merchandise, which cost $15,800, on Mastercard credit cards. Mastercard charges a 5% fee. Sold $5,100 of merchandise, which cost $3,050, on an assortment of bank credit cards. These cards charge a 4% fee.

Sales-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $48,700, terms n/30. The cost of the merchandise sold is $29,200. Showcase Co. issues a credit memo for $9,700 as a price adjustment prior to Balboa Co. paying the original invoice. Question Content Area a.  Journalize Showcase Co.’s entries for (1) the sale, including (2) the cost of the merchandise sold. If an amount box does not require an entry, leave it blank. (1)   - Select - - Select -     - Select - - Select - (2)   - Select - - Select -     - Select - - Select -   Question Content Area b.  Journalize Showcase Co.’s entry for the credit memo. If an amount box does not require an entry, leave it blank. blank   - Select - - Select -     - Select - - Select -   Question Content Area c.  Journalize Showcase Co.’s entry for the receipt of the check for the amount due from Balboa Co. If an amount box does not require…

Oriole Office Supply uses a perpetual inventory system. On September 12, Oriole Office Supply sold 28 calculators costing $24 for $35 each to Pharoah Book Store, terms n/30.Journalize the September 12 transaction for Oriole. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)  Date Account Titles and Explanation   Debit Credit Sept. 12                             Sept. 12

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Required: • JOURNAL ENTRIES

Please help with the following question  Q3: Shafer Company has the following accounts in its general ledger atJuly 31: Accounts Receivable $49,000 and Allowance for Doubtful Accounts $3,400. During August, the following transactions occurred.   Aug.​15​Sold $30,000 of accounts receivable to More Factors, Inc. who assesses a 2% finance charge.   ​25​Made sales of $2,500 on Visa credit cards. The credit card service charge is 3%.   ​28​Made sales of $4,000 on Shafer credit cards.   Instructions (a)​Journalize the transactions. (b)​Indicate the statement presentation of service charges.   BR,

Mar 2  sold merchandise on credit to Ryan Co Invoice number 854, for $27,600 (cost is 17,000) Mar 12  received payment from Ryan Co For the March 2 sale less the discount of $552 What is the journal entry

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