Question
1. Record debit card transactions. On September 12, five customers use debit cards to purchase merchandise totalling $500 from Triomedia Company. The bank charges Triomedia
1. Record debit card transactions. On September 12, five customers use debit cards to purchase merchandise totalling $500 from Triomedia Company. The bank charges Triomedia Company $0.70 per debit card transaction. Prepare the entry to record the transactions by Triomedia Company. 2. Record credit card transactions. On April 16, Triomedia Company made sales of $12,950 to customers using credit cards for payment. The credit card company charges Triomedia a service fee of 2.5% for credit card transactions. Prepare the entry to record the credit card sales. Round to the nearest dollar.
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