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.
Definitions:
Chili Cook-Off
A competitive event where individuals or teams cook chili using their own recipes and are judged on taste, consistency, aroma, and color.
Industry Analysis
The evaluation of the economic and market factors that influence the competitiveness within a specific industry.
Competitive Advantages
Unique attributes or abilities that allow an organization to outperform its competitors, including quality, price, brand, and location.
Projected Changes
Anticipated or forecasted modifications in a specific area, such as technology, market trends, or regulatory environments.
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