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Pada Restaurants accepts credit and debit cards as forms of payment. Assume Pada had $13,000 of credit and debit card sales on June 30, 2015.
Pada Restaurants accepts credit and debit cards as forms of payment. Assume Pada had $13,000 of credit and debit card sales on June 30, 2015. 1. Suppose Pada's processor charges a 4% fee and deposits sales net of the fee. Journalize the sale transaction for the restaurant 2. Suppose Pada's processor charges a 4% fee and deposits sales using the gross method. Journalize the sale transaction for the restaurant. Date Debit Credit Jun 30 Accounts and Explanation Cash Sales Revenue Recorded credit card sales, net of fee. Now journalize the sale transaction using the gross method for the restaurant. Accounts and Explanation Debit Credit Jun 30 Cash Credit Card Expense Sales Revenue Recorded credit card sales. Choose from any list or enter any number in the initfelde T ahnawatan
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