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Restaurants do a large volume of business by credit and debit cards. Suppose Parisian Cuisine restaurant had these transactions on January 28,2024 : (Click the
Restaurants do a large volume of business by credit and debit cards. Suppose Parisian Cuisine restaurant had these transactions on January 28,2024 : (Click the icon to view the transactions.) Read the requirements. Requirement 1. Suppose Parisian Cuisine's processor charges a 6% fee and deposits sales net of the fee. Journalize these sale transactions for the restaurant. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the credit sales net of the fee, first. Now journalize the debit card sales net of the fee. Data table National Express credit card sales ValueCard debit card sales $10,000 8,000 Restaurants do a large volume of business by credit and debit cards. Suppose Parisian Cuisine restaurant had these transactions on January 28,2024 : (Click the icon to view the transactions.) Read the requirements. Requirement 2. Suppose Parisian Cuisine's processor charges a 6% fee and deposits sales using the gross method. Journalize these sale transactions for line of the journal entry table.) First journalize the credit sales using the gross method. Data table = National Express credit card sales ValueCard debit card sales Lastly, journalize the debit sales using the gross method
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