Question
Shirley's Wraps operates as a sandwich and wrap shop. Its customers can pay by cash, debit or credit card. For each debit transaction, Shirley pays
Shirley's Wraps operates as a sandwich and wrap shop. Its customers can pay by cash, debit or credit card. For each debit transaction, Shirley pays $0.15. For credit cards, Shirley pays 4% of the total credit card transactions. On April 11, 2019, Shirley compiled the following summary for the work day.
Transaction Type. Total. Number of Transactions
Cash $430 55
Debit Card $329. 45
Credit Card. $0 0
a) Calculate the total debit/credit card expense for April 11.
Total Debit/Credit Card Expense = $
b) Record the journal entry for the day's sales ignoring Cost of Goods Sold.
For transactions with more than one debit, enter the debit accounts in alphabetical order.
Date | Account Title and Explanation | Debit | Credit |
2019 | |||
Apr 11 | Answer | ||
Answer | |||
Answer | |||
To record day's sales | |||
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