Prepare Kasey journal entry to record the credit card sales

Assignment Help Accounting Basics
Reference no: EM132882037

Problem - Kasey's Cake Shop made $20,000 in sales of wedding cakes in July. All of these sales were on bank credit cards. The credit card company charges a 3.5% collection fee. Prepare Kasey's journal entry to record the credit card sales.

Reference no: EM132882037

Questions Cloud

Role of the hr department in implementing the strategy : ABC University is a modern university, with over 20 000 students and 3000 academic staff and 1000 support staff. The mission of ABC University is to be a centre
What are uncertainties as begin course : Describe your thought and feelings coming into your course. Did the Course Introduction session challenge these thoughts/feelings
What are the different aspects of language barriers : What are the different aspects of language barriers that health care providers need to consider when caring for a patient? Have you experienced or witnessed
Human services and criminal justice system : Future trends in the interface between human services and the criminal justice system and criminal justice connections with surrounding society
Prepare Kasey journal entry to record the credit card sales : The credit card company charges a 3.5% collection fee. Prepare Kasey's journal entry to record the credit card sales
Evaluate the reasons why people resistance to change : Groups and Individuals can react differently to organizational change. Evaluate the reasons why people resistance to change.
Describe the selected environmental factor : Describe the selected environmental factor. Explain how the environmental factor you selected can potentially affect the health or safety of infants.
Importance of understanding customer-value perceptions : Identify the three major pricing strategies and discuss the importance of understanding customer-value perceptions, company costs and competitor strategies when
Prepare Newton journal entry : On December 1, Newton Enterprises sells $100,000 of accounts receivable. Newton normally factors its accounts receivable. Prepare Newton's journal entry

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd