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2018 Oct. 1 Recorded Capital Express credit card sales of $145,000, net of processor fee of 3%. Ignore Cost of Goods Sold. 15 Recorded TrueValue

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2018 Oct. 1 Recorded Capital Express credit card sales of $145,000, net of processor fee of 3%. Ignore Cost of Goods Sold. 15 Recorded TrueValue credit card sales of $92,000. Processor charges a 3.5% fee. TrueValue charges the fee at the end of the month, therefore Slick uses the gross method for these credit card sales. Ignore Cost of Goods Sold. 31 TrueValue collected the fees for the month of October. Assume the October 15 transaction is the only TrueValue credit card sale. Financial Accounting ACCT 2213 311 20379 202020 16 Kailen Bowen & | 03/07/20 1:51 PM Save HW Score: 9.6%, 9.6 of 100 pts Homework: Chapter 7 Homework Score: 0 of 10 pts . 3 of 6 (1 complete) E7-19 (similar to) Slick Running Shoes reports the following: (Click the icon to view the transaction information.) Question Help Journalize al entries required for Slick Running Shoes (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Oct 4, 2018: Recorded credit card sales of $145,000, net of processor fee of 3%. Ignore Cost of Goods Sold (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 2018 Oct 1 Choose from any list or enter any number in the input fields and then click Check Answer 2 parts 2 remaining Clear All Check

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