PA2. 9.1 Prepare journal entries for the following transactions of Dulce Delights. 10 Sold 320 ice cream buckets with a sales price of $12 per bucket to customer Livia Diaz. Livia paid using her...

PA2. 9.1 Prepare journal entries for the following transactions of Dulce Delights.

• 10 Sold 320 ice cream buckets with a sales price of $12 per bucket to customer Livia Diaz. Livia paid using her in-house credit account; terms 2/10, n/30. The cost for this sale to Dulce Delights is $4.50 per bucket.


• 13 Sold 290 ice cream buckets with a sales price of $12.50 per bucket to customer Selene Arnold. Selene paid using her Max credit card. The cost for this sale to Dulce Delights is $4.50 per bucket. Max Credit Card Company charges Dulce Delights a 5% usage fee based on the total sale per transaction.


• 20 Livia Diaz paid her account in full with a cash payment, less any discounts.


• 25 Max Credit Card Company made a cash payment in full to Dulce Delights for the transaction from April 13, less any usage fees.

Extracted text: 2 Problem PA2 3 4 POST, DATE DESCRIPTION REF. DEBIT CREDIT 7 1 20- 8 2 Apr. 10 3 10 14 11 5 15 12 13 10 14 8 18 15 9 9 16 10 10 17 11 11 18 12 13 12 19 13 13 20 14 14 21 15 15 22 16 |16 23 17 13 17 24 18 18 25 19 |19 26 20 20 27 21 21 28 22 20 22 29 23 23 30 24 24 31 25 25 32 26 |26 33 25 27 27 34 28 28 35 29 29 36 30 30 37 31 |31