Question
Journalize the following transactions for Stillwater Spa Consultants: (If no entry is required for a transaction/event, select No journal entry required in the first account
Journalize the following transactions for Stillwater Spa Consultants: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Oct. 1 Sold services for $260,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions.
7 Sold services to customers for $29,000 cash.
8 Recorded Visa credit card sales totalling $152,000. Visa applies fees of 2%.
10 Sold $108,000 of services to Edson Community Health Clinic, terms 2/15, n/30. 25 Collected the amount owing regarding the October 10 sale.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started