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Gas stations do a large volume of business by customer credit cards and debit cards. Suppose an Arctic Gas station had these transactions on July
Gas stations do a large volume of business by customer credit cards and debit cards. Suppose an Arctic Gas station had these transactions on July 17 $ 24.000 MasterCard credit card sales Non bank credit card sales Debit card sales 5,000 16,000 Suppose MasterCard charges merchants 45 percent, non-bank credit card companies change 4.75 percent, and there is a 35 percent charge for debit card transactions Record these sale transactions for the Arctic Gas station Record the MasterCard credit sales first. (Record debits first, then credits. Exclude explanations from Journal entries, Round your answers to the nearest whole dollar) Journal Entry Accounts Date Debit Credit Jul 17
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