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i More Info 2018 Recorded Continental Express credit card sales of $140,000, net of processor fee of 1 %. Ignore Cost of Goods Sold. Recorded
i More Info 2018 Recorded Continental Express credit card sales of $140,000, net of processor fee of 1 %. Ignore Cost of Goods Sold. Recorded Centura credit card sales of $86,000. Processor charges a 2.5% fee. Centura charges the fee at the end of the month, therefore Fast Cat uses the gross method for these credit card sales. lgnore Cost of Goods Sold. Centura collected the fees for the month of November. Assume the November 15 transaction is the only Centura credit card sale. Nov. 1 15 30 Print Done
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