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Record the journal entry for the day sales

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Question - Mraz's Place operates as a restaurant. Its customers can pay by cash, debit or credit card. For each debit transaction, Jason pays $0.15. For credit cards, Jason pays 5% of the total credit card transactions. On August 6, 2019, Jason compiled the following summary for the work day.

Cash $226545, Debit Card $00 and Credit Card $360083

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

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

Reference no: EM132910309

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