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solution * Question 15 Wildhorse Garage Co. accepts the following forms of payment: Visa, MasterCard, the Wildhorse Garage Co. credit card, and debit. Wildhorse is

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* Question 15 Wildhorse Garage Co. accepts the following forms of payment: Visa, MasterCard, the Wildhorse Garage Co. credit card, and debit. Wildhorse is charged 3.50% for all bank credit card transactions and $0.50 per transaction for all debit card transactions. Wildhorse charges 14.25% interest on balances owing on the Wildhorse Garage Co. credit card. In October and November 2021, the following summary transactions occurred (note: there is no right of return for the sale of services; therefore, a refund liability entry is not necessary in this question): Oct. Performed services totalling $15,100 for customers who used the Wildhorse Garage Co. 15 credit card for payment. 20 Performed services totalling $6,400 to customers who used Visa credit cards. 30 Performed services totalling $1,500 on account, terms, n/30. Performed services totalling $5,100 for customers who used debit cards (100 transactions). Collected amounts owing from October 15 transactions. * Question 15 Your answer is correct. Record the above transactions for Wildhorse Garage Co. (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 o for the amounts. Round answers to o decimal places, e.g. 2,275. Record journal entries in the order presented in the problem.) 31 Now 15 15100 115100 214 6170 Date Alles and Explanation bet. 15 dit Card Receivable Service Revenue (To record service revenue using credit card.) Oct. 20 and Card Expense Cash Service Revenue (To record service revenue using credit card.) Oct. 10 Accounts Receivable Service Revenue (To record revenue for services performed.) Oct. 31 Debit Card Expense 1500 1500 3850 5100 Service Revenue (To record service revenue using debit card.) Now. 15 Casa LS.100 Ds.100 CNR Card Receivable (Collection of credit card receivable) Mempts of 15 us

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