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Recorded $75,000 of sales (cost $61,500) to customers using Mastercard. Mastercard charges the retailer 2.5% for credit card transactions. Feb 9 Sold merchandise to customers
Recorded $75,000 of sales (cost $61,500) to customers using Mastercard. Mastercard charges the retailer 2.5% for credit card transactions. Feb 9 Sold merchandise to customers who paid $25,000 (cost $17,500). Feb 14 Recorded sales of $14,500 (cost $7,100) to customers using debit cards. Assume the bank charges 1.25% for all debit card transactions. Feb 20 Sold merchandise to customers who paid $4,000 in cash (cost $2,700)
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