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Record the following transactions in the general journal of Quick Clean Service. Assume Scotiabank charges merchants $0.70 per debit card transaction and MasterCard charges 7
Record the following transactions in the general journal of Quick Clean Service. Assume Scotiabank charges merchants $0.70 per debit card transaction and MasterCard charges 7 percent of sales as service fees. Mar 31-Recorded Scotiabank debit card sales of$25000 , consisting of 1600 transactions. Mar 31-Recorded MasterCard credit card sales of $47000. Mar 31-FleetPlan card accepted for $ 3800of payments. This card requires that receipts are submitted for payment manually. A 5 percent fee applies. Apr 10-Payment was received from FleetPlan.
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