I was wondering if you could help me with exercise 7-9 Chapter 7 in the book fundamental accounting principles.

each y and h following transactions for Stillwater Spa Consultants the alze Sold services for $160,000 to customers using debit cards. Assume the bank c harges 0.5% for all debit card each transactions Sold services to customers for $19,000 cash Recorded Visa credit card sales totalling $q2 .000. Visa applies fees of 2%. Sold $68,000 of services to Edson Community Health Clinic, terms 2/ 15, n/30. 10 25 Collected the amount owing regarding the October 10 sale book o you -9 Credit card and debit card transactions Lo5 y 15, Tundra Co. sold merchandise to customers for cash of $42,000 (cost $28,500). Merchan 8, the n-in, s the 011 Januting $10,500 was sold to customers for $15,800 on January 17; dise $198,000) were recorded on January 20 to cu terms 2/10, n 30. Sales tot lling uary 20 to customers using MasterCard, a credit card that artes a 296 fee. On January 25, sales of $72,000 (cost $48,200) were made to debit card customers. ihe d Prepare journal entries for each of the transactions described (assume a perpetual inven is Component: Identify the advantages and disadvantages of each type of sale: cash sale, cr 00(C chart hares Tundra a flat fee of 0.5% on all debit card transactions. edit sales. system) Analys te. credit card sale, or debit card sale. Explain why Tundra would likely accept all these types of 499