Restaurants have a large volume of business by credit and debit cards. Suppose Cityside Collection restaurant had these

transactions on January 28, 2016:

National Express credit card sales

$9,300

ValueCard debit card sales

5,000

Requirements

1. Suppose Cityside Collection's processor charges a 6% fee and deposits sales net of the fee. Journalize these sales

transactions for the restaurant.

2 Suppose Cityside Collection's processor charges a 44% fee and deposits sales using the gross method. Journalize these

sales transactions for the restaurant.

Requirement 1.

Suppose Cityside Collection'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.

Journalize the credit sales net of the fee, first.