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Quick Running Shoes reports the following: (Click the icon to view the transaction Information.) Journalize all entries required for Quick Running Shoes (Record debits first,

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Quick Running Shoes reports the following: (Click the icon to view the transaction Information.) Journalize all entries required for Quick Running Shoes (Record debits first, then credits. Select the explanation on the last line of the journal entry table) May 4.2024 Recorded credit card sales of $98,000, net of processor fee of 1% Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit More Info 2024 May 1 2024 May 1 May 15 Recorded Continental Express credit card sales of $98,000, nef of process fee of 1% Ignore Cost of Goods Sold Recorded True Value credit card sales of 500,000 Processor charges a 3.5% fee. TrueValue charges the fee at the end of the monts, therefore Quicknes the gross method for those credit card sales. Ignore Cost of Goods Sold. TrueValue collected the fees for the month of May. Assume the May 15 transaction is the only TrueValoo credit card sale May 31 Print Done

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