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Calculate the total debit-credit card expense for November

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Question - Leslie and Ben run a dry cleaners together, called Pawny Cleaners. Their customers can pay by cash, debit or credit card. For each debit transaction, they pay $0.15. For credit cards, they pay 4.0% of the total of credit card transactions. On November 6, 2019, Ben compiled the following summary for the work day.

Cash $72035, Debit Card $4330122 and Credit Card $240065

a) Calculate the total debit/credit card expense for November 6.

b) Record the journal entry for the day's sales ignoring cost of goods sold.

Reference no: EM132910529

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