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  3. mayfair company completed the following transactio

Mayfair Company completed the following transactions and uses a perpetual inventory system. June...

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Accounting

Mayfair Company completed the following transactions and uses a perpetual inventory system.

June 4 Sold $900 of merchandise on credit (that had cost $500) to Natara Morris, terms n/15.
June 5 Sold $10,000 of merchandise (that had cost $6,000) to customers who used their Zisa cards. Zisa charges a 1% fee.
June 6 Sold $7,000 of merchandise (that had cost $4,200) to customers who used their Access cards. Access charges a 3% fee.
June 8 Sold $6,000 of merchandise (that had cost $2,900) to customers who used their Access cards. Access charges a 2% fee.
June 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $720 balance in McKees account was from a credit sale last year.
June 18 Received Morriss check in full payment for the June 4 purchase.

Required:

Prepare journal entries to record the preceding transactions and events.

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