FA Chapter $6$ Homework

Credit Card Sales

Ruth Anne's Fabrics accepts cash, personal checks, and two credit cards when customers buy merchandise.

With the Great American Bank Card, Ruth Anne's Fabrics receives an immediate deposit in its checking account for credit card sales. The bank charges a $4\%$ fee. With the United Merchants Card, Ruth Anne's Fabrics receives a deposit after $3$ days, net of a $3\%$ fee.

Use the Transaction Analysis Template to record the following:

a$.$ Sales for March $15$ were as follows:

$\backslash$table$[[$Cash and checks,$$850$