My writer delivered an awesome dissertation on the Creek War, I definitely didn’t have the time to do all the research she did on my own.
Essay (any type)
09/08/2022
Archer Co. allows select customers to make purchases on credit. Its other customers can use…
Archer Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Commerce Bank or Goldman. Commerce Bank deducts a 3% service charge for sales on its credit card. When customers use the Goldman card, a 2% service charge is deducted from sales on its card. Archer completed the following transactions in August. Aug. 4 Sold $3,700 of merchandise on credit (that had cost $2,000) to McKenzie Carpenter. 10 Sold $5,200 of merchandise (that had cost $2,800) to customers who used their Commerce Bank credit cards. 11 Sold $1,250 of merchandise (that had cost $900) to customers who used their Goldman cards. 14 Received Carpenter’s check in full payment for the purchase of August 4. 15 Sold $3,250 of merchandise (that had cost $1,758) to customers who used their Goldman cards. 22 Wrote off the account of Craw Co. against the Allowance for Doubtful Accounts. The $498 balance in Craw Co.’s account stemmed from a credit sale in November of last year. Required Prepare journal entries to record the preceding transactions and events. (The company uses the perpetual inventory system. Round amounts to the nearest dollar.)
