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Journalize the Following Transactions for the Evans Company

Question 229

Essay

Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.
a) Sold merchandise for $645. The cost of merchandise sold was $375.
b) Sold merchandise for $432 and accepted VISA as the form of payment. The cost of merchandise sold was $195.
c) Sold merchandise on account for $670. The cost of merchandise sold was $438.
d) Paid credit card fees for the month of $85. Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system. a) Sold merchandise for $645. The cost of merchandise sold was $375. b) Sold merchandise for $432 and accepted VISA as the form of payment. The cost of merchandise sold was $195. c) Sold merchandise on account for $670. The cost of merchandise sold was $438. d) Paid credit card fees for the month of $85.

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