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Skyeler B. Jacks Question 10 Not yet answered Marked out of 1.00 p Flag question Credit Card Sales The Tin Roof accepts cash, personal checks,
Skyeler B. Jacks Question 10 Not yet answered Marked out of 1.00 p Flag question Credit Card Sales The Tin Roof accepts cash, personal checks, and two credit cards when customers buy merchandise. With the Great American Bank Card, The Tin Roof receives an immediate deposit in its checking account for credit card sales. The bank charges a 4% fee. With the United Merchants Card, The Tin Roof receives a deposit after 3 days, net of a 3% fee. Use the Transaction Analysis Template to record the following: a. Sales for March 15 were as follows: $7,650 Cash and checks Great American Bank Card United Merchants Card 9,900 6,300 $23,850 If the transaction affects the same Balance Sheet category, enter the larger amount in the first row and the smaller amount directly below (in the second row). Balance Sheet Income Statement Stockholders' Assets Liabilities Equity Revenues Expenses - Net Income + b. Received a check for $35,802 from United Merchants on March 20. Use negative signs with answers, when appropriate. If the transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row and the decrease amount directly below (in the second row). Balance Sheet Income Statement Stockholders' Assets Liabilities Equity Revenues Expenses - Net Income Activate Windows Go to Settings to activate Windows. Finish attempt
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