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Prepare and journalize the credit sales net of the? fee

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Reference no: EM132485226

Restaurants large volume of business by credit and debit cards. Suppose Spring Garden Salads

  • Spring Garden Salads restaurant had these transactions on January? 28, 2018

Requirement 1.

Question 1: Suppose Spring Garden Salads'Spring Garden Salads' processor charges a 3?% fee and deposits sales net of the fee. Journalize these sale transactions for the restaurant. ?(Record debits? first, then credits. Select the explanation on the last line of the journal entry? table.)

Question 2: Journalize the credit sales net of the? fee, first.

National Express credit card sales    $10,300

ValueCard debit card sales              $6,000

Reference no: EM132485226

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