Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need to enter these transactions into Quickbooks and the numbers are not adding up. Champion Wave Surf. Week of March 11 - 17, 2007

I need to enter these transactions into Quickbooks and the numbers are not adding up.image text in transcribed

image text in transcribed

image text in transcribedimage text in transcribed

Champion Wave Surf. Week of March 11 - 17, 2007 Transactions (Perpetual Method) Credit card processing expense:2.5% Lesson Revenue:$50/hour, or $450 for 10 hours if paid in advance. 1March 11, 2007 Received cash into the bank account from the credit card processing company for sales receipt number 7030901, processed on March 9,2007 Champion Wave Surf. Week of March 11 - 17, 2007 Transactions (Perpetual Method) Credit card processing expense:2.5% Lesson Revenue:$50/hour, or $450 for 10 hours if paid in advance. 1March 11, 2007 Received cash into the bank account from the credit card processing company for sales receipt number 7030901, processed on March 9,2007

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Beyond Compliance Using The Portable Universal Quality Lean Audit Model

Authors: Janet Bautista Smith

1st Edition

0873898400, 9780873898409

More Books

Students also viewed these Accounting questions