On January 10 Donna Stark Uses Her Baver Co

question 134

Essay

On January 10 Donna Stark uses her Baver Co. credit card to purchase merchandise from Baver Co. for $2,600. On February 10, she is billed for the amount due of $2,600. On February 12 Stark pays $1,600 on the balance due. On March 10 Stark is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12.
Instructions
Prepare the entries on Baver Co.'s books related to the transactions that occurred on January 10, February 12, and March 10.

---

Definitions:

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Commitment

The state or quality of being dedicated to a cause, activity, or goal, showing willingness to give time and energy to something believed in.

Honesty

The quality of being truthful, transparent, and free from deceit in one’s actions and statements.

Obligation

A duty or commitment that compels someone to act in a certain way, often based on moral or legal reasons.