Answer:
Accounts Receivables 600 debit
Sales Revenues 600 credit
--to record sale--
COGS 240 debit
Inventory 240 credit
--to record COGS of the previous sale--
Accounts Receivables 7,708 debit
credit card expense 492 debi
Sales Revenues 8200 credit
--to record sale--
COGS 3280 debit
Inventory 3280 credit
--to record COGS of the previous sale--
Accounts Receivables 5,804.5 debit
credit card expense 305.5 debi
Sales Revenues 6,110 credit
--to record sale--
COGS 2,444 debit
Inventory 2,444 credit
--to record COGS of the previous sale--
allowance for doubtful accounts 683 debit
accounts receivables 683 credit
--to record write-off of McKee's account--
cash 600 debit
account receivables 600 credit
--to record Morris payment in full--
Explanation:
We record considering the accounting principles:
debit = credit
the creditcard will charge their fee and transfer to the company the remained that's why the account recievable is lower than sales nominal as the credit card colelct their fee first.
