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Business, 22.11.2019 20:31 Bryson2148

Yfair co. completed the following transactions and uses a perpetual inventory system. june 4 sold $650 of merchandise on credit (that had cost $400) to natara morris, terms n/15. 5 sold $6,900 of merchandise (that had cost $4,200) to customers who used their zisa cards. zisa charges a 3% fee. 6 sold $5,850 of merchandise (that had cost $3,800) to customers who used their access cards. access charges a 2% fee. 8 sold $4,350 of merchandise (that had cost $2,900) to customers who used their access cards. access charges a 2% fee. 13 wrote off the account of abigail mckee against the allowance for doubtful accounts. the $429 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. required: prepare journal entries to record the preceding transactions and events.

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Yfair co. completed the following transactions and uses a perpetual inventory system. june 4 sold $6...
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