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Chapter 05 At Hometown Arts, gross sales for the month included: Sales on account (2/10, n/30) Credit card sales (3% credit card fee) $150,000

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Chapter 05 At Hometown Arts, gross sales for the month included: Sales on account (2/10, n/30) Credit card sales (3% credit card fee) $150,000 $200,000 Question 2, E5-16A (book/static) Part 1 of 4 HW Score: 25%, 2 of 8 points O Points: 0 of 2 Save 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. 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 joumal entries.) First, record the sales on account. Date (a) Journal Entry Accounts Debit Credit D Clear all Check answer

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