More Info ec 0 2018 Jul. 1 Recorded Premiere Express credit card sales of $140,000, net of processor fee of 1%. Ignore Cost of Goods Sold. 15 Recorded Explorer credit card sales of $84,000. Processor charges a 2% fee. Explorer charges the fee at the end of the month, therefore Slick uses the gross method for these credit card sales. Ignore Cost of Goods Sold. 31 Explorer collected the fees for the month of July. Assume the July 15 transaction is the only Explorer credit card sale. Print Done Jul. 31, 2018: Explorer collected the fees for the month of July. Assume the July 15 transaction is the only Explorer credit card sale. Date Accounts and Explanation Debit Credit 2018 Jul. 31 Slick Running Shoes reports the following: Click the icon to view the transaction information.) Journalize all entries required for Slick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Jul. 4, 2018: Recorded credit card sales of $140,000, net of processor fee of 1%. Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Accounts and Explanation Credit 2018 Jul. 1 Debit Jul. 15, 2018: Recorded Explorer credit card sales of $84,000. Processor charges a 2% fee. Explorer charges the fee at the end of the month, therefore Slick uses the gross method for these credit card sales. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit 2018 Jul. 15 Jul. 31, 2018: Explorer collected the fees for the month of July. Assume the July 15 transaction is the only Explorer credit card sale. Date Accounts and Explanation Debit Credit 2018 Jul. 31