June 3 6 9 19 20 23 25 30 Ben Kidd used his Crane Sports credit card to purchase $950 of merchandise. Biljana Pavic used her Mastercard credit card to purchase $760 of merchandise. Mastercard charges a 2.5% service fee. Nicole Montpetit purchased $399 of merchandise on account, terms 2/10, n/30. Bonnie Cutcliffe used her debit card to purchase $235 of merchandise. There is a $0.50 service charge on all debit card transactions. Ben Kidd made a $342 payment on his credit card account. Nicole Montpetit purchased an additional $532 of merchandise on account, terms 2/10, n/30. Nicole Montpetit paid the amount owing on her June 9 purchase. Biljana Pavic used her Mastercard to purchase $400 of merchandise. Mastercard charges a 2.5% service fee. I Record the above transactions. Ignore any inventory and cost of goods sold 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 O for the amounts. List all debit entries before credit entries. Round answers to 2 decimal places, eg. 52.75. Record journal entries in the order presented in the problem.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hw.41.

 

June
3
6
9
19
20
23
25
30
Ben Kidd used his Crane Sports credit card to purchase $950 of merchandise.
Biljana Pavic used her Mastercard credit card to purchase $760 of merchandise. Mastercard charges a 2.5% service fee.
Nicole Montpetit purchased $399 of merchandise on account, terms 2/10, n/30.
Bonnie Cutcliffe used her debit card to purchase $235 of merchandise. There is a $0.50 service charge on all debit card
transactions.
Ben Kidd made a $342 payment on his credit card account.
Nicole Montpetit purchased an additional $532 of merchandise on account, terms 2/10, n/30.
Nicole Montpetit paid the amount owing on her June 9 purchase.
Biljana Pavic used her Mastercard to purchase $400 of merchandise. Mastercard charges a 2.5% service fee.
Record the above transactions. Ignore any inventory and cost of goods sold 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 O for the amounts. List all debit entries before credit entries. Round answers to 2 decimal places, eg. 52.75. Record journal
entries in the order presented in the problem.)
Transcribed Image Text:June 3 6 9 19 20 23 25 30 Ben Kidd used his Crane Sports credit card to purchase $950 of merchandise. Biljana Pavic used her Mastercard credit card to purchase $760 of merchandise. Mastercard charges a 2.5% service fee. Nicole Montpetit purchased $399 of merchandise on account, terms 2/10, n/30. Bonnie Cutcliffe used her debit card to purchase $235 of merchandise. There is a $0.50 service charge on all debit card transactions. Ben Kidd made a $342 payment on his credit card account. Nicole Montpetit purchased an additional $532 of merchandise on account, terms 2/10, n/30. Nicole Montpetit paid the amount owing on her June 9 purchase. Biljana Pavic used her Mastercard to purchase $400 of merchandise. Mastercard charges a 2.5% service fee. Record the above transactions. Ignore any inventory and cost of goods sold 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 O for the amounts. List all debit entries before credit entries. Round answers to 2 decimal places, eg. 52.75. Record journal entries in the order presented in the problem.)
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