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What journal entry would sub- way record for transaction

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Subway is a global food retailer with stores located throughout the world. Suppose a customer at one of its Paris stores purchases a sandwich for €5.00, a brownie for €2.00 and a soft drink for €1.50. The customer pays with cash. (Ignore any potential breakage.)

Problem 1: What journal entry will Subway record for this transaction? (Ignore expenses.)

Problem 2: Suppose that in addition to the above items, the customer buys a Subway gift card for €50.00. What journal entry would Sub- way record for this transaction?

Reference no: EM132772177

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