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Darlene's Diner accepts American Lxpress credit cards from ins customers. Darlene s is closed on Sundays and on that day records the weekly aales and

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Darlene's Diner accepts American Lxpress credit cards from ins customers. Darlene s is closed on Sundays and on that day records the weekly aales and remite the credit card receipen tis American Expess as paymert for the credh card receips Required: 1. Preciare the necessary joumal enities on June 12 and dune 15 . 2. As a persentage, what collection fee in American Express charging Oarliones? Instructions Chart of Accounts Check My Work Instructions Chart of Accounts Da 141 Inventory EXPENSES 152 Prepaid insurance 500 Cost of Goods Sold 154 Supples 52.1 Salaries and Wages Expense 174 Equipment 532 Uietes Expense 170 Accumulased Depreciation 533 insurance Expense 534 Rent Expense LABILTIES 537 Supplies Expense 211 Aceounts Payabie 5A1 Dopreciation Expense 231 Salanes and Wages Payable 551. Advertising Expense 235 Notes Payable 559 Miscellaneous Expenses 201 income Tiwes Payable 810 Interest Expense 812 Colloction Fee Expense EQuirY 910 income Tax Expense 311 Capital 5itock 331 Retained Eaening 3eneral Joumal Gemeral doumal instryctions GEPERUL JOUENAL WOACT ON FINANCIAL STATEMENTS GevendL- JOUBAME 2. As a percentage, what collection fee is American Express charging Darlene's

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