Prepare journal entries for the following transactions of Maritime Memories. May 2 May 6 May 16 May

Prepare journal entries for the following transactions of Maritime Memories.

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May 2 May 6 May 16 May 23 Sold $864,920 worth of maritime products to customer Jordan Scott. Jordan paid using his in- house credit account; terms 3/15, n/60. The cost to Maritime Memories for this sale is $532,187. Sold $567,120 worth of maritime products to customer Joe Hsu. Joe paid using his Longstand credit card. The cost to Maritime Memories is $321,864. Longstand Credit Card Company charged Maritime Memories a 1.5% usage fee based on the total sale per transaction. Jordan Scott paid his account in full with a cash payment, less any discounts. Longstand Credit Card Company made a cash payment in full to Maritime Memories for the transaction from May 6, less any usage fees.