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Prepare Carla Vista Towns journal entries for the transactions in part 1,2 and 3 Presented below are three independent situations. 1. On March 15, 40
Prepare Carla Vista Towns journal entries for the transactions in part 1,2 and 3
Presented below are three independent situations. 1. On March 15, 40 customers used debit cards to purchase merchandise fora total of $9,200 from Carla Vista Town. Carla Vista Town pays a $1.30 debit card fee for each transaction. 2. On June 21, Martinez Creations Gallery sells a painting to Constance Furrow for $2,100. Constance uses her Visa bank credit card to pay for the purchase. The bank charges Martinez Creations a 2% fee for all credit card transactions. On July 17, Constance receives her Visa bill and pays for this purchase. 3. On October 7, A. Ramos uses his store credit card to purchase merchandise from The Tamarisk for $590. On November 10, Ramos receives his credit card bill from The Tamarisk and pays for this purchaseStep by Step Solution
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