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Fill out with the same format as provided tables. Thanks! Problem 3 - Accounting for Credit Card Transactions Required: Beckett Company made the following sales
Fill out with the same format as provided tables. Thanks!
Problem 3 - Accounting for Credit Card Transactions Required: Beckett Company made the following sales to credit card customers for the month of June. Visa charges a 2% processing fee and Amercian Express charges 3% June 7 Beckett sold $5,000 of merchandise to Stevens Company. Stevens paid Beckett using a V card. The cost of merchandise sold was $2,700. June 18 Beckett sold $4,000 of merchandise to Markell Corp. Markell paid Beckett using an American Express card. The cost of merchandise sold was $1,800. June 26 Beckett sold $6,000 of merchandise to Johnson Co. Johnson paid Beckett using a VISA. card. The cost of merchandise sold was $3,200. a. Record the journal entries in the journal provided. b. Calculate the total profit on credit card sales for the month. [Enter all amounts as positive amounts]
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