Trudy's Treasure Chest purchased $5,000 of merchandise, using a VISA credit card, from Whiskers Collectibles, FOB destination. The credit card fee is 3%, and the sales tax rate is 6%. Whiskers pays the freight costs of $320. Whiskers uses a perpetual inventory system.
Prepare separate entries for each transaction for Whiskers. The merchandise purchased by Trudy's Treasure Chest had cost Whiskers $2,800.

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The Answer of Trudy's Treasure Chest purchased $5,000 of merchandise, using a VISA credit card, from Whiskers Collectibles, FOB destination. The credit card fee is 3%, and the sales tax rate is 6%. Whiskers pays the freight costs of $320. Whiskers uses a perpetual inventory system.
Prepare separate entries for each transaction for Whiskers. The merchandise purchased by Trudy's Treasure Chest had cost Whiskers $2,800.

Trudy's Treasure Chest Purchased $5,000 of Merchandise, Using a VISA