Please provide journal entry for each transaction and impact on financial statement. The debit and credit should be balanced. Background:

Stripe initiates its flow of funds when an authorized charge from a credit card holder is created through a merchant. At this moment, Stripe incurs a liability to the Stripe user $($merchant$),$ and transmits the charge to the processor$/$acquirer in order to be validated with the credit card issuer $($e$.$g$.$ MasterCard$).$ After the charge is authorized by the acquirer, Stripe will receive funds from the acquirer, net of acquirer fees $(1\mathrm{.}5\%),$ which are used to settle the liability to the merchant, net of Stripe fees $(2\mathrm{.}9\%+30$c per transaction based on Stripe's standard terms of service$).$

Transactions:

Charge date: $12/30/23$

Charge amount: $$100$

Stripe bank account #$1$ beginning balance: $$200$

Stripe transmits the charge to the acquirer for validation on the same day the authorized charge is created. The acquirer takes $1$ day to confirm the charge has been validated and $1$ more day to send funds to Stripe.

Payment to the merchant occurs $1$ day prior to receiving the related funds from the acquirer.