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Leslie and Ben run a dry cleaners together, called Pawny Cleaners. Their customers can pay by cash, debit or credit card. For each debit transaction,
Leslie and Ben run a dry cleaners together, called Pawny Cleaners. Their customers can pay by cash, debit or credit card. For each debit transaction, they pay $0.25. For credit cards, they pay 4.0% of the total of credit card transactions. On August 22, 2018, Ben compiled the following summary for the work day. Transaction Type Total Number of Transactions Cash $704 32 Debit Card $4391 118 Credit Card $2800 66 Required Do not enter dollar signs or commas in the input boxes Round all answers to 2 decimal places a) Calculate the total debit/credit card expense for August 22 Total Debt/Credit Card Expense $ b) Record the journal entry for the day's sales. For transactions with more than one debit, enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2018 Aug 22 To record day's sales
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