Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for $ 2 0 0 , 0 0 0 to customers using debit

Journalize the following transactions for Stillwater Spa Consultants:
Oct. 1 Sold services for $200,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions.
7 Sold services to customers for $23,000 cash.
8 Recorded Visa credit card sales totalling $116,000. Assume visa applies fees of 2%.
10 Sold $84,000 of services to Edson Community Health Clinic, terms 215,n30.
25 Collected the amount owing regarding the October 10 sale.
Journal entry worksheet
Record the sale of services less debit card expense.
Note: Enter debits before credits.
image text in transcribed

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

Students also viewed these Accounting questions