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Journalize the credit sales net of the fee

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Question - Restaurants do a large volume of business by credit and debit cards. Suppose Summer comma Sand comma and Castles Resort Summer, Sand, and Castles Resort restaurant had these transactions on January 28, 2018

National Express credit card sales $10,800

Value Card debit card sales 10,000

Suppose Summer comma Sand comma and Castles Resort's Summer, Sand, and Castles Resort's processor charges a 2% fee and deposits sales net of the fee. Journalize these sale transactions for the restaurant. Journalize the credit sales net of the fee, first.

Reference no: EM132487397

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