Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4 Journalize the following transactions for Stillwater Spa Consultants Oct. 1 Sold services for $220,000 to customers using debit cards. Assume the bank charges 0.5%

4 Journalize the following transactions for Stillwater Spa Consultants Oct. 1 Sold services for $220,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions. 7 Sold services to customers for $25,000 cash. 8 Recorded Visa credit card sales totalling $128,000. Assume visa applies fees of 2%. 10 Sold $92,000 of services to Edson Community Health Clinic, terms 2/15, n/30. 25 collected the amount owing regarding the October 18 sale. View transaction list Journal entry worksheet < 1 2 3 Record the sale of services less debit card expense. Note Enter debits before credits Date: Oid of General Journal Debit Credit ti Chack my work < Prev 4 of 10 Next > D C Sunny 640 ENG 12:57 PM 10 Sold $92,000 of services to Edson Community Health Clinic, terms 2/15, n/30. 25 Collected the amount owing regarding the October 10 sale. View transaction list Journal entry worksheet Record the sale of services provided for cash. Note: Enter debits before credits. Date Oct 07 General Journal Debit Credit < Prev 4 of 10 Next > rch View transaction list Journal entry worksheet < 1 2 4 5 Record the sale of services less credit card expense. Note: Enter debits before credits. Date Oct 08 General Journal Debit Credit e < Prev 4 of 10 Next > C 99- 8C Sunny ^ 40 View transaction list Journal entry worksheet < 1 2 3 5 Record the sale of services; terms 2/15, n/30. Note: Enter debits before credits. Date Oct 10 General Journal Debit Credit < Prev 4 of 10 Next > 99- 0 G 8C Sunny 1 940) EN View transaction list Journal entry worksheet 1 2 3 4 Record the collection of Oct. 10 credit sale. Note: Enter debits before credits. Date Oct 25 O General Journal Debit Credit < Prev 4 of 10 Next > 99+ 8C Sunny 40 EN

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial And Managerial Accounting

Authors: James Don Edwards, Roger H. Hermanson

1st Edition

0256130000, 978-0256130003

More Books

Students also viewed these Accounting questions

Question

What does a decibel measure?

Answered: 1 week ago