Problem Set A: $3$ LO $9\mathrm{.}1$ Prepare journal entries for the following transactions from Forest Furniture.

Oct. $3$

Sold $2$ couches with a sales price of $$2,450$ per couch to customer Norman Guzman. Norman Guzman paid with his Draw Plus credit card. The Draw Plus credit card charges Forest Furniture a $3\mathrm{.}5\%$ usage fee based on the total sale per transaction. The cost for this sale is $$1,700$ per couch.

Oct. $6$

Sold $4$ end chairs for a total sales price of $$1,250$ to April Orozco. April paid in full with cash. The cost of the sale is $$800.$

Oct. $9$

Sold $18$ can lights with a sales price of $$50$ per light to customer James Montgomery. James Montgomery paid using his Fund Max credit card. Fund Max charges Forest Furniture a $2\mathrm{.}4\%$ usage fee based on the total sale per transaction. The cost for this sale is $$29$ per light.

Oct. $12$

Draw Plus made a cash payment in full to Forest Furniture for the transaction from Oct $3,$ less any usage fees.

Oct. $15$

Fund Max made a cash payment of $25\%$ of the total due to Forest Furniture for the transaction from October $9$th$,$ less any usage fees.

Oct. $25$

Fund Max made a cash payment of the remainder due to Forest Furniture for the transaction from October $9,$ less any usage fees.