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leek 4 Assignment - Chapters 6&7 Question 7, TIF7-5(similar to) HW...

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Accounting

leek 4 Assignment - Chapters 6&7
Question 7, TIF7-5(similar to)
HW Score: 10%,1 of 10 points
Part 1 of 2
Points: 0 of 1
Paden Restaurants accepts credit and debit cards as forms of payment. Assume Paden had $16,000 of credit and debit card sales on September 30,2023.
9. Suppose Paden's processor charges a 1% fee and deposits sales net of the fee. Journalize the sales transaction for the restaurant.
10. Suppose Paden's processor charges a 1% fee and deposits sales using the gross method. Journalize the sales transaction for the restaurant.
9. Suppose Paden's processor charges a 1% fee and deposits sales net of the fee. Journalize the sales transaction for the restaurant. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.)
\table[[Date,Accounts and Explanation,Debit,Credit],[Sept.30,,,],[,,,],[,,,],[,,,],[,,,]]
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