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Quick Running Shoes reports the following: (1) (Click the icon to view the transaction information.)...

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Accounting

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Quick Running Shoes reports the following: (1) (Click the icon to view the transaction information.) Journalize all entries required for Quick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Aug 4. 2024. Recorded credit card sales of $100.000, net of processor fee of 2% tgnore Cost of Goods Sold. (Prepare a single compound journal entry) Aug. 15, 2024 Recorded ClassicCard credit card sales of $96,000 Processor charges a 1\% fee. ClassicCard charges the fee at the end of the month, therefore Quick uses the gross method for these credit card sales. Ignore Cost of Goods Sold. Aug. 31, 2024 ClassicCard collected the fees for the month of August Assume the August 15 transaction is the only ClassicCard credit card sale More info

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