Question
Mraz's Place operates as a restaurant. Its customers can pay by cash, debit or credit card. For each debit transaction, Jason pays $0.15. For credit
Mraz's Place operates as a restaurant. Its customers can pay by cash, debit or credit card. For each debit transaction, Jason pays $0.15. For credit cards, Jason pays 5% of the total credit card transactions. On August 6, 2019, Jason compiled the following summary for the work day.
Transaction Type | Total | Number of Transactions |
Cash | $2265 | 45 |
Debit Card | $0 | 0 |
Credit Card | $3600 | 83 |
a) Calculate the total debit/credit card expense for August 6.
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 | |||
Aug 6 | Answer | ||
Answer | |||
Answer | |||
To record sales | |||
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