journal entries

Using the Excel template for question number 23 that you downloaded prior to starting this exam, prepare the appropriate journal entries for Dorf's Outdoor Supply Company. Include sales and cost of goods sold entries if applicable. Use proper format. You do not need to provide an explanation for the journal entries. When finished answering this question, upload your completed worksheet containing your answer. Dorf's Outdoor Supply Company accepts both its own and national credit cards. Prepare the appropriate entries in good form for the following transactions. 1. Jan. 20 Dorf made Visa credit card sales (service charge fee 3%) totaling $9,000. The cost of goods sold is 70% of sales. 2. Jan. 31 Dorf estimated that 3% of its net sales of $300,000 for the month will become uncollectible. The company uses the allowance method for recording bad debts. 3. Feb. 15 Dorf determined that Professor Herrick's account was uncollectible. The balance owed by Professor Herrick was $750. 4. Feb. 20 Dorfmade Dorf credit card sales totaling $8,500. The cost of goods sold is 70% of sales. 5. Feb. 27 Dorf collected $6,000 from Dorf credit card customers. Upload Choose a File