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Credit Card Sales Historically, 60 percent of the customer bills at the Andrews Supper Club have been paid with cash or Dreck and 40 percent
Credit Card Sales Historically, 60 percent of the customer bills at the Andrews Supper Club have been paid with cash or Dreck and 40 percent have been paid using either the Great American Bank Card or the United Merchants Card Andrews pays a su fee with both cards United Merchants makes an electronic funds transfer three days or the sales are transmites. Use the Transaction Analysis Template to record the following a. Sales for September 10 were as follows Chand ched Greek American Bank Cal 1250 Unted Merchans Card $3.50 If the transaction affects the same Balance Sheet category enter the large amount in the first row and the smaller amoure directly below in the second ront- Balance Sheet Income Statement Assets Liabilities stockholder W Ees Expenses. 0 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 categors, enter the increase out in the first row and the decrease amount directly below for the second row) Balance Sheet Income Statement Stockholder Assets Labtes Expenses - Netcome 4,600 5350 5350
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