Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for $160,000 to customers using
Question:
Oct. 1 Sold services for $160,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions.
7 Sold services to customers for $19,000 cash
8 Recorded Visa credit card sales totaling $92,000, Visa applies fees of 2%.
10 Sold $68,000 of services to Edson Community Health Clinic, terms 2/15, n/30.
25 Collected the amount owing regarding the October 10 sale.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
Question Posted: