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PLEASE ANSWER ALL, OPTIONS ARE: ACCOUNTS PAYABLE CASH SALES DISCOUNTS SALES REVENUE UNEARNED SALES REVENUE Accounting for Credit Card Sales Jarrod's Meat Shop doubles as
PLEASE ANSWER ALL, OPTIONS ARE:
ACCOUNTS PAYABLE
CASH
SALES DISCOUNTS
SALES REVENUE
UNEARNED SALES REVENUE
Accounting for Credit Card Sales Jarrod's Meat Shop doubles as a butcher shop and a sandwich shop that sells to both individuals and a nearby hospital system. On a particular day, Jarrod's had cash sales of $450, credit sales of $600, sales on MasterCard of $657, and sales on Visa of $923. The sales on credit cards incur merchant charges of 1.6% for MasterCard and 1.9% for Visa. Required: Prepare a journal entry to record these sales. If an amount box does not require an entry, leave it blank. Round intermediate calculations and final answers to two decimalStep by Step Solution
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