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Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month.
Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. At Finesse Arts, gross sales for the month included: Sales on account (1/10, n/30) $180,000 Credit card sales (3% credit card fee) $210,000 Read the requirements. Requirement 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) First, record the sales on account. Requirements Journal Entry Accounts Debit Credit Date (a) 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. 2. Calculate the net sales revenue for the month. Print Done Next, record the credit card sales. Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. At Finesse Arts, gross sales for the month included: Sales on account (1/10, n/30) $180,000 Credit card sales (3% credit card fee) $210,000 Read the requirements. Next, record the credit card sales. Journal Entry Requirements Date Accounts Credit Debit (b) 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. 2. Calculate the net sales revenue for the month. Now, record the cash payments on account received during the month. (Prepare a compound entry for a Print Done Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. At Finesse Arts, gross sales for the month included: Sales on account (1/10, n/30) $180,000 Credit card sales (3% credit card fee) $210,000 Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Read the requirements. Now, record the cash payments on account received during the month. (Prepare a compound entry for all cash payments on account received during the month.) Journal Entry Date Accounts Debit Credit Requirements 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. 2. Calculate the net sales revenue for the month. Requirement 2. Calculate the net sales revenue for the month. The net sales revenue for the month is $ Print Done g Choose from any list or enter any number in the input fields and then continue to the next
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