Question
resented below are three independent situations. 1. On March 15, 40 customers used debit cards to purchase merchandise for a total of $8,000 from Blossom
resented below are three independent situations.
1. | On March 15, 40 customers used debit cards to purchase merchandise for a total of $8,000 from Blossom Town. Blossom Town pays a $1.00 debit card fee for each transaction. | |
2. | On June 21, Ayayai Creations Gallery sells a painting to Constance Furrow for $1,800. Constance uses her Visa bank credit card to pay for the purchase. The bank charges Ayayai 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 Kingbird for $550. On November 10, Ramos receives his credit card bill from The Kingbird and pays for this purchase. |
Prepare Blossom Towns journal entries for the transactions in part (1). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g 5,275. List all debit entries before credit entries.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
Mar. 15 | enter an account title for the journal entry on March 15 | enter a debit amount | enter a credit amount |
enter an account title for the journal entry on March 15 | enter a debit amount | enter a credit amount | |
enter an account title for the journal entry on March 15 | enter a debit amount | enter a credit amount |
eTextbook and Media
List of Accounts
Prepare Ayayai Creations journal entries for the transactions in part (2). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
June 21 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Mar. 15June 21July 17Oct. 7Nov. 10 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
eTextbook and Media
List of Accounts
Prepare The Kingbirds journal entries for the transactions in part (3). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date Mar. 15June 21July 17Oct. 7Nov. 10 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Mar. 15June 21July 17Oct. 7Nov. 10 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
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