Question

On January 10, Allison Milo uses her Crawford Co. credit card to purchase merchandise from Crawford Co. for $1,700. On February 10, Milo is billed for the amount due of $1,700. On February 12, Milo pays $1,100 on the balance due. On March 10, Milo is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12.

Instructions
Prepare the entries on Crawford Co.’s books related to the transactions that occurred on
January 10, February 12, and March 10. (Omit cost of goods sold entries.)



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  • CreatedApril 07, 2014
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