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5. Pedro's Posole Palace allows it's customers to use their MegaBank credit cards for purchases. The bank charges a 2.5% fee. If daily sales were

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5. Pedro's Posole Palace allows it's customers to use their MegaBank credit cards for purchases. The bank charges a 2.5% fee. If daily sales were $30,000 with Cost of Goods Sold of $19,000, what would be the resulting journal entry? ( 3 points) 6. Donna's Diner was allowed to replace a $40,000 account receivable with a 5.5% note receivable that will be due in 90 days. Please prepare the necessary journal entry from Donna's standpoint. (2 points) 7. Assume that Donna's pays the note on time. Please prepare the journal entry to show the payment as as it would appear on the books of the holder of the note. ( 2 points)

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