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At Quaint Arts, gross sales for the month included: Half of the sales on account were paid within the discount period; the other accounts were
At Quaint Arts, gross sales for the month included: Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Sales on account (1/10, n/30) Credit card sales (4% credit card fee) $180,000 $250,000 Read the requirements. Requirement 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) First, record the sales on account. Journal Entry Date Accounts Debit Credit (a) Choose from any list or enter any number in the input fields and then click Check Answer. ? parts remaining Clear All Check Answer 0 Requirements X 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. 2. Calculate the net sales revenue for the month. Print Done
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