K Pana Restaurants accepts credit and debit cards as forms of payment. Assume Pana had $16,000 of credit and debit card sales on April 30, 2015. 1. Suppose Pana's processor charges a 4% fee and deposits sales net of the fee. Journalize the sale transaction for the restaurant. 2. Suppose Pana's processor charges a 4% fee and deposits sales using the gross method. Journalize the sale transaction for the restaurant. Journalize the sale transaction net of the fee for the restaurant. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Date Apr. 30 Cash Credit Card Expense Sales Revenue Recorded credit card sales. K mm sel G-0 2 Debit 15360 640 Credit 16000

Pana Restaurants accepts credit and dobit cards as forms of payment. Assume Pana had $16,000 of credit and debit card sales on Aprii 30,2015. 1. Suppose Pana's processor charges a 4% fee and deposits sales net of the fee. Joumalizo the sale transaction for the restaurant. 2. Suppose Pana's processor charges a 4% fee and deposits sales using the gross method. Joumalize the sale transaction for the restaurant. Pana Restaurants accepts credit and dobit cards as forms of payment. Assume Pana had $16,000 of credit and debit card sales on Aprii 30,2015. 1. Suppose Pana's processor charges a 4% fee and deposits sales net of the fee. Joumalizo the sale transaction for the restaurant. 2. Suppose Pana's processor charges a 4% fee and deposits sales using the gross method. Joumalize the sale transaction for the restaurant