Britta's Sandwiches operates as a sandwich and wrap shop. Its customers can pay by cash, debit...
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Britta's Sandwiches operates as a sandwich and wrap shop. Its customers can pay by cash, debit or credit card. For each debit transaction, Britta pays $0.30. For credit cards, Britta pays 4% of the total credit card transactions. On June 7, 2019, Britta compiled the following summary for the work day. Transaction Type Total Number of Transactions $412 54 $326 45 0 Cash Debit Card Credit Card $0 Required Do not enter dollar signs or commas in the input boxes. a) Calculate the total debit/credit card expense for June 7. Total Debit/Credit Card Expense = $ b) Record the journal entry for the day's sales ignoring Cost of Goods Sold. For transactions with more than one debit, enter the debit accounts in alphabetical order. Debit Credit Date Account Title and Explanation 2019 Jun 7 To record day's sales Check + • Britta's Sandwiches operates as a sandwich and wrap shop. Its customers can pay by cash, debit or credit card. For each debit transaction, Britta pays $0.30. For credit cards, Britta pays 4% of the total credit card transactions. On June 7, 2019, Britta compiled the following summary for the work day. Transaction Type Total Number of Transactions $412 54 $326 45 0 Cash Debit Card Credit Card $0 Required Do not enter dollar signs or commas in the input boxes. a) Calculate the total debit/credit card expense for June 7. Total Debit/Credit Card Expense = $ b) Record the journal entry for the day's sales ignoring Cost of Goods Sold. For transactions with more than one debit, enter the debit accounts in alphabetical order. Debit Credit Date Account Title and Explanation 2019 Jun 7 To record day's sales Check + •
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a To calculate the total debitcredit card expense for June 7 we need to multiply the number ... View the full answer
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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