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At Quaint Arts, groes sales far thee manth induded: Sales on account (4/10, n/30 ) Half af the sales on account were paid within the
At Quaint Arts, groes sales far thee manth induded: Sales on account (4/10, n/30 ) Half af the sales on account were paid within the discount period; the ather accounts were paid in full by the end af the manth $110,000 Read the requirements $170.000 Cradt card sales (3 % credit caard fee) Requirement 1. Journalze gross methad to record t account, the credit card sales, and the cash payments on account recalvad duing the month. (Use th salas transachons. Record debits first, than credits. Exclude explanations fronm any joumal entries. ) sales First, reccrd the sales an account. Joumal Entry Date Accounts Debit Credit 110.000 Accounts Receivable (6) Sales Reverue 110,000 Naxt, record the credit card sales Journal Entry Date Accounts Debi Cred Cash Credit Card Discount Expense 5,100 Sales Revenue 170,000 Naw, reccrd the cash payments account received during the month. (Prepare a compound entry for all cash payments on account received during the month.) Joumal Entry Date Accqunts Debit Credit (c)
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