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07 5 On January 15, Tundra Co sold merchandise to customers for cash or $48,000 (cost $32,700) Merchandise costing $12,300 was sold to customers for $18,200 on January 17terms 2/10. n/30 Sales totalling $347000 (cost $234.000) were recorded on January 2010 customers using MasterCard, assume the credit card charges a 2% fee On January 25, sales of $85,200 (cost $57.200) were made to debit card customers. The bank charges Tundra a flat fee of 0.5% on all debit card transactions Required: Prepare journal entries for each of the transactions described (assume a perpetual inventory system), 15 points View transaction list Journal entry worksheet 6 7 8 5 4 1 3 2 Record the sale of merchandise to cash customers. Not: Enter debts forec Debat General Journal Date SH Next > Record the sale of merchandise to cash customers. Note: Enter debits before credits: Debit Credit General Journal Date Jan 15 View general journal Clear entry Record entry Journal entry worksheet CO 8 Record the cost of sales. ts Note: Enter debits before credits Debit Credit General Journal Date Jan 17 View general journal Clear entry Record entry Saved Journal entry worksheet 5 1 2 3 4 5 6 7 8 > Record the sale of merchandise less credit card expense. Note: Enter debits before credits Debit Credit Date General Journal Jan 20 View general journal Clear entry non entry Journal entry worksheet 5

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