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Speedy Running Shoes reports the following: i (Click the icon to view the transaction information.) Journalize all entries required for Speedy Running Shoes. (Record debits
Speedy Running Shoes reports the following: i (Click the icon to view the transaction information.) Journalize all entries required for Speedy Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) .. Oct. 4, 2024: Recorded credit card sales of $98,000, net of processor fee of 2%. Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit - 2024 More info Oct. 1 2024 Oct. 1 Oct. 15 Recorded World Express credit card sales of $98,000, net of processor fee of 2%. Ignore Cost of Goods Sold Recorded GoldCard credit card sales of $86,000. Processor charges a 2.5% fee. GoldCard charges the fee at the end of the month, therefore Speedy uses the gross method for these credit card sales. Ignore Cost of Goods Sold GoldCard collected the fees for the month of October. Assume the October 15 transaction is the only GoldCard credit card sale. Oct. 31 Print Done
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