Question

The following are the transactions for Evans Company: a. Sold merchandise for $645. The cost of goods sold was $375. b. Sold merchandise for $432 and accepted VISA as the form of payment. The cost of goods sold was $195. c. Sold merchandise on account for $670. The cost of goods sold was $438. d. Paid credit card fees for the month of $85.

Answer 1

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.