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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 $0.35. For credit cards, they pay 3.0% of the total of credit card transactions. On July 19, 2022, Ben compiled the following summary for the work day. Transaction Type Total Number of Transactions Cash $720 30 Debit Card $4350 120 Credit Card $2500 69 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 July 19. Total Debit/Credit Card Expense = $ x b) Record the journal entry for the day's sales ignoring cost of goods sold. For transactions with more than one debit, enter the debit accounts in alphabetical order. Date Account Title and Explanation 2022 Jul 19 To record day's sales Debit Credit
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