Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. britta's sandwiches operates as a sandwich and wra

Britta's Sandwiches operates as a sandwich and wrap shop. Its customers can pay by cash,...

80.2K

Verified Solution

Question

Accounting

Britta's Sandwiches operates as a sandwich and wrap shop. Its customers can pay by cash, debit or credit card. For each debit transaction, Britta pays $0.10. For credit cards, Britta pays 4% of the total credit card transactions. On October 6,2022, Britta compiled the following summary for the work day.
\table[[Transaction Type,Total,Number of Transactions],[Cash,$426,52],[Debit Card,$317,45],[Credit Card,$0,0]]
Required
Do not enter dollar signs or commas in the input boxes.
a) Calculate the total debit/credit card expense for October 6.
Total Debit/Credit Card Expense =$
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.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales...

Chemistry
1.2K views

In time of flight mass spectrometers, ion separation is achieved using a(n)….. and why? A. Field Free...

Accounting
1.2K views

Superior Markets, Inc., operates three stores in a large metropolitan area. A segmented absorption costing income...

Biology
1.2K views

The abbreviation ROM means OA range of muscle mass B rate of myalgia OC range...

Physics
1.2K views

A ball of mass m and density is completely immersed in a liquid of density...

Basic Math
1.2K views

Prove that any Mbius transformation can be written in a form with determinant 1, and...

Algebra
1.2K views

13 Rewrite these equations in slope intercept form and then graph the lines using the...

Algebra
1.2K views

7 15 102 15 100 15 2 1500 30 1530 Yukar da verilen 15 102...

Accounting
1.2K views

On January 2,2023, Kellogg Corporation acquired equipment for $800,000. The estimated life of the equipment...

Accounting
1.2K views

Problem 2-29(Algo)(LO 2-4,2-5,2-6b,2-6c,2-7) 5.5 points On January 1,2024, Presidio Company acqulred 100 percent...

Accounting
1.2K views

Exercise 7-2A (Algo) Accounting for uncollectible accounts: allowance method LO 7-1 [The following information applies...

Finance
1.2K views

Company - Unilever Budget - 1M Business priority - Building brands with purpose (Identifying...