Question
Sunshine Departmental Store accepts both its own and national credit cards. During the year, the following selected summary transactions occurred (NT$ in thousands). Transaction Date
Sunshine Departmental Store accepts both its own and national credit cards. During the year, the following selected summary transactions occurred (NT$ in thousands).
Transaction
Date
May 15
Made Sunshine credit card sales totalling NT$15,000. (There were no balances prior to May 15.)
May 20
July 10
July 15
Made Visa credit card sales (service charge fee 2%) totaling T$3,700.
Collected NT$8,400 on Sunshine credit card sales.
Added finance charges of 1.5% to Sunshine credit card account balances
REQUIRED:
Journalize the transactions for Sunshine Departmental Store.
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