Purchased $95,000 of equipment $15,000 cash downpayment and the rest with a note. The equipemnt has ten-year useful life and a salvage value of $4,000. All principal and interest on the note is due in three years. 

b. Sold for immediate cash payment $45,000 of merchandise that cost $22,000. 

c. Accepted credit cards as payment for $250,000 of services (no cost of goods sold) rendered to its customers. The credit card fee is 4.5%. 

d. Sold on account for $250,000 of merchandise that cost $115,000 (no discounts for early payment). 

e. Collected $185,000 of its Accounts Receivables. 

f. Paid $14,750 in salary expense for the current period. 

g. Wrote off a customer's $13,750 account receivable that was deemed to be uncollectible. 

h. Recorded $8,000 for rent expense for this period that will be paid next month. 

i. Recorded the month's entry for depreciation using the straight line me

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