Credit Card Sales Historically, 60 percent of the customer bills at the Andrews' Supper Club have been paid with cash or check, and 40 percent have been paid using either the Great American Bank Card or the United Merchants Card. Andrews pays a 4% fee with both cards. United Merchants makes an electronic funds transfer three days after the sales are transmitted. Use the Transaction Analysis Template to record the following: a. Sales for September 10 were as follows: Cash and checks $1,005 Great American Bank Card 375 United Merchants Card 225 $1,605 If the transaction affects the same Balance Sheet category, enter the larger amount in the first row and the smaller amount directly below (in the second row). Balance Sheet Income Statement Stockholders' Assets Liabilities + Equity Revenues 1,005 x 0 2,635 x 1,605 Expenses 325 x = Net Income 2,635 x 150 x b. On September 13, Andrews received an electronic funds transfer from United Merchants for the September 10 sales. Use negative signs with answers, when appropriate. If a transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row and the decrease amount directly below (in the second row). Balance Sheet Income Statement Stockholders' Assets = Liabilities Equity 360 x 360x Revenues Expenses Net Income 0