Question
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 1.0% of the total of credit card transactions. On May 19, 2019, Ben compiled the following summary for the work day.
Transaction Type | Total | Number of Transactions |
Cash | $710 | 33 |
Debit Card | $4400 | 116 |
Credit Card | $2500 | 70 |
a) Calculate the total debit/credit card expense for May 19.
Total Debit/Credit Card Expense = $Answer
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 | Debit | Credit |
2019 | |||
May 19 | Answer | ||
Answer | |||
Answer | |||
To record day's sales | |||
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