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ASAP 1. Ashley Appliances allows customers to pay for merchandise with cash, debit cards, bank credit cards, or a Ashley Appliance Credit Card. The bank

ASAP
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1. Ashley Appliances allows customers to pay for merchandise with cash, debit cards, bank credit cards, or a Ashley Appliance Credit Card. The bank charges Ashley Appliances $1.00 for each debit card sale and a 4% fee for bank credit card sales. On September 25 a customer makes a $1,200 purchase from Ashley Appliances using her debit card. Instructions a. Prepare Ashley Appliances' journal entry to record this transaction. b. Assume instead the customer pays for her purchase using her MasterCard. Record the transaction. C. Assume instead the customer uses her Ashley Appliances store credit card. Record the transaction. Date Particulars P.R. Debit Credit 1 2 3 4 5 6 7 8 9 10 11 10

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