Question

- October 1 Sold $11,000 of merchandise to Pearsey Co, on account. October 3 Sold $2.400 of merchandise to Borg Corporation, who paid by credit card. The cilit card company charges Beltran a fee of 1% on credit card sales October 7 Sold $19,000 of merchandise to McNab Company on account. October 8 Pearsey paid the balance of what it owed for the purchase on October 1 October 12 Sold $17.000 of merchandise to Wack Enterprises on account. October 16 McNab paid the balance of what it owed for the purchase on October 7 October 31 Wack paid the balance of what it owed for the purchase on October 12 Print Done

Answer 1

Date	Account Titles	Debit	Credit
Oct. 1	Accounts Receivable - Pearsey Co.	$            11,000
	Sales Revenue		$            11,000
	Cost of Goods Sold	$              1,100
	Inventory		$              1,100
Oct. 3	Cash	$              2,376
	Credit Card Discount Expense	$                    24
	Sales Revenue		$              2,400
	Cost of Goods Sold	$                  240
	Inventory		$                  240
Oct. 7	Accounts Receivable - McNab Co.	$            19,000
	Sales Revenue		$            19,000
	Cost of Goods Sold	$              1,900
	Inventory		$              1,900
Oct. 8	Cash	$            10,890
	Sales Discount	$                  110
	Accounts Receivable - Pearsey Co.		$            11,000
Oct. 12	Accounts Receivable - Wack	$            17,000
	Sales Revenue		$            17,000
	Cost of Goods Sold	$              1,700
	Inventory		$              1,700
Oct. 12	Cash	$            18,810
	Sales Discount	$                  190
	Accounts Receivable - McNab Co.		$            19,000
Oct. 31	Cash	$            17,000
	Accounts Receivable - Wack		$            17,000

If you have any query, kindly comment with your query and please mark thumbs up.