June 4 Sold $700 of merchandise on credit (that had cost $350) to Natara Morris, terms n/15. 5 Sold $7,700 of merchandise (that had cost $3,850) to customers who used their Zisa cards. Zisa charges a 3.5% fee. 6 Sold $6,088 of merchandise (that had cost $3,044) to customers who used their Access cards. Access charges a 2.5% fee. 8 Sold $4,360 of merchandise (that had cost $2,180) to customers who used their Access cards. Access charges a 2.5% fee. 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $717 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. 1. June 4: Sold $700 of merchandise on credit to Natara Morris, terms n/15. 2. June 4: Record cost of goods sold, $350. 3. June 5: Sold $7,700 of merchandise to customers who used their Zisa cards. Zisa charges a 3.5% fee. 4. June 5: Record cost of goods sold, $3,850. 5. June 6: Sold $6,088 of merchandise to customers who used their Access cards. Access charges a 2.5% fee. 6. June 6: Record cost of goods sold, $3,044. 7. June 8: Sold $4,360 of merchandise to customers who used their Access cards. Access charges a 2.5% fee. 8. June 8: Record cost of goods sold, $2,180. 9. June 13: Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $717 balance in McKee’s account was from a credit sale last year. 10. June 18: Received Morris's check in full payment for the June 4 purchase. This is a journal entry worksheet so, I need to know the debt and credit for 1-10

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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Question

June	4	Sold $700 of merchandise on credit (that had cost $350) to Natara Morris, terms n/15.
	5	Sold $7,700 of merchandise (that had cost $3,850) to customers who used their Zisa cards. Zisa charges a 3.5% fee.
	6	Sold $6,088 of merchandise (that had cost $3,044) to customers who used their Access cards. Access charges a 2.5% fee.
	8	Sold $4,360 of merchandise (that had cost $2,180) to customers who used their Access cards. Access charges a 2.5% fee.
	13	Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $717 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.

1. June 4:

Sold $700 of merchandise on credit to Natara Morris, terms n/15.

2. June 4:

Record cost of goods sold, $350.

3. June 5:

Sold $7,700 of merchandise to customers who used their Zisa cards. Zisa charges a 3.5% fee.

4. June 5:

Record cost of goods sold, $3,850.

5. June 6:

Sold $6,088 of merchandise to customers who used their Access cards. Access charges a 2.5% fee.

6. June 6:

Record cost of goods sold, $3,044.

7. June 8:

Sold $4,360 of merchandise to customers who used their Access cards. Access charges a 2.5% fee.

8. June 8:

Record cost of goods sold, $2,180.

9. June 13:

Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $717 balance in McKee’s account was from a credit sale last year.

10. June 18:

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

*This is a journal entry worksheet so, I need to know the debt and credit for 1-10*

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