Ef 567. ←Flash Running Shoes reports the following:(Click the icon to view the transaction information.)Joumalize all entries required for Flash Running Shoes. (Record debits first, then credits. Select the explanation on thentry table.)Feb 4, 2024: Recorded credit card sales of $110,000, net of processor fee of 2% ignore Cost of Goods Seld (Prepare ijournal entry)Date2024Feb. 1More info2024Feb. 1Feb. 15Feb. 28Accounts and ExplanationDebitRecorded North American Express credit card sales of $110,000, net ofprocessor fee of 2%. Ignore Cost of Goods Sold.CreditRecorded Vista credit card sales of $90,000. Processor charges a 1.5% fee.Vista charges the fee at the end of the month, therefore Flash uses the grossmethod for these credit card sales. Ignore Cost of Goods Sold.PrintVista collected the fees for the month of February. Assume the February 15transaction is the only Vista credit card sale.Doneanaold. (

Name: Ef 567. ←Flash Running Shoes reports the following:(Click the icon to
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Ef 567. ←Flash Running Shoes reports the following:(Click the icon to view the transaction information.)Joumalize all entries required for Flash Running Shoes. (Record debits first, then credits. Select the explanation on thentry table.)Feb 4, 2024:

The journal entries are prepared to record the transactions on regular basis. The credit card…

Business

Accounting

2024 Feb. 1 Recorded North American Express credit card sales of $110,000, net of processor fee of 2%. Ignore Cost of Goods Sold. Feb. 15 Recorded Vista credit card sales of $90,000. Processor charges a 1.5% fee. Vista charges the fee at the end of the month, therefore Flash uses the gross method for these credit card sales. Ignore Cost of Goods Sold. Feb. 28 Vista collected the fees for the month of February. Assume the February 15 transaction is the only Vista credit card sale.