Help Save & E On January 15, Tundra Co. sold merchandise to customers for cash...
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Help Save & E On January 15, Tundra Co. sold merchandise to customers for cash of $41,000 (cost $28,000). Merchandise costing $10,600 was sold to customers for $15,600 on January 17; terms 2/10, n/30. Sales totalling $299,200 (cost $203,000) were recorded on January 20 to customers using MasterCard, assume the credit card charges a 2% fee. On January 25, sales of $74,000 (cost $49,800) 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). View transaction list Journal entry worksheet 1 4 5 6 7 8 Record the sale of merchandise to cash customers. Note: Enter debits before credits. Date General Journal Debit Credit Jan 15 a Journal entry worksheet Record the sale of merchandise less credit card expense. Note: Enter debits before credits. Date General Journal Debit Credit Jan 20 Record entry Clear entry View general journal Journal entry worksheet
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