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2024 Sep. 1 Sep. 15 Sep. 30 Recorded National Express credit card sales of $96,000, net of processor fee of 1%. Ignore Cost of Goods
2024 Sep. 1 Sep. 15 Sep. 30 Recorded National Express credit card sales of $96,000, net of processor fee of 1%. Ignore Cost of Goods Sold. Recorded ValueMax credit card sales of $80,000. Processor charges a 1.5% fee. ValueMax charges the fee at the end of the month, therefore Marathon uses the gross method for these credit card sales. Ignore Cost of Goods Sold. ValueMax collected the fees for the month of September. Assume the September 15 transaction is the only ValueMax credit card sale. Marathon Running Shoes reports the following: Click the icon to view the transaction information.) Journalize all entries required for Marathon Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Sep. 4, 2024: Recorded credit card sales of $96,000, net of processor fee of 1%. Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Date 2024 Sep. 1 Accounts and Explanation Debit Credit
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