. Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.
| 1. | Sells merchandise for $645. Cost of merchandise sold $375. |
| 2. | Sells merchandise for $432 and accepts VISA as the form of payment. |
| Cost of merchandise sold $195. | |
| 3. | Sells merchandise on account for $670. Cost of merchandise sold $438. |
| 4. | Credit card fees paid for the month is $85. |
Darshita Changed status to publish February 17, 2020
| Date | Description | Debit | Credit |
| 1) | Cash | 645 | |
| Sales | 645 | ||
| Cost of merchandise sold | 375 | ||
| Merchandise inventory | 375 | ||
| 2) | Cash | 432 | |
| Sales | 432 | ||
| Cost of merchandise sold | 195 | ||
| Merchandise inventory | 195 | ||
| 3) | Accounts receivable | 670 | |
| Sales | 670 | ||
| Cost of merchandise sold | 438 | ||
| Merchandise inventory | 438 | ||
| 4) | Credit card expense | 85 | |
| Cash | 85 |
Darshita Changed status to publish February 17, 2020
