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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 check and 40 percent

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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 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: Carth and checks 51.675 Great American flank Card United Merchants Card 375 52.65 of the transaction affects the same Balance Sheet category, enter the larger amount in the fast row and the smaller amount directly below in the second rom. Balance Sheet Hockholder Revenues Expenses Netincem income Statement b. On September 13. Andrews received an electronic funds transfer from United Merchants for the September 10 Sales Use negativen 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 AN - Utilities Equity Revenues Expenses - Net Income 0 0 0 O

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