Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for $200,000 to...

90.2K

Verified Solution

Question

Accounting

Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for $200,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions. 7 Sold services to customers for $23,000 cash. 8 Recorded Visa credit card sales totalling $116,000. Assume visa applies fees of 2%. 10 Sold $84,000 of services to Edson Community Health Clinic, terms 2/15, n/30. 25 Collected the amount owing regarding the October 10 sale

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