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Prairie Dog Motel sold 45 rooms at a price of $104 each on August 15. Half of the guests paid with credit cards and half
Prairie Dog Motel sold 45 rooms at a price of $104 each on August 15. Half of the guests paid with credit cards and half with cash. Prairie Dogs credit card provider charges a 1.05% fee for use of credit cards and withholds that fee when it deposits funds into the motels bank account the following day. Record the journal entries for the sales on August 15 and the receipt of funds on the following day. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Date Account Title and Explanation Debit Credit Aug 15 Answer Cash Answer 4590 Answer Credit Card Receivable Answer 4590 Answer Service Revenue
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