Journalize the Following Transactions for the Evans Company

question 61

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.

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Definitions:

Root System

The component of a plant that anchors it to the ground, absorbs water and nutrients, and stores food.

Cone-bearing Trees

Trees that produce seeds in cones, typically evergreens, such as pines and spruces, which are essential to many ecosystems.

Temperate Deciduous Forest

A type of biome characterized by four seasons, including a distinct winter, and trees that shed their leaves annually.

Taiga

A biome characterized by coniferous forests, extending across a large portion of Canada, Europe, and Asia, known for its cold climate.