ceAssignmentGradebookORIONDownloadable eTextbookentCALCULATORFULL SCREENPRINTER VERSION( BACKNEXTExercise 9-11Z Your answer is partially correct. Try again.Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred.Jan. 15Made Colaw credit card sales totaling $18,000. (There were no balances prior to January 15.)20Made Visa credit card sales (service charge fee 2%) totaling $4,500.Feb. 10Collected $10,000 on Colaw credit card sales.15Added finance charges of 1.5% to Colaw credit card account balances.Journalize the transactions for Colaw Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the orderpresented in the problem.)DateAccount Titles and ExplanationDebitCreditJan. 15 IAccounts Receivable18,000Sales Revenue18,000Jan. 20 : Cash4,410Service Charge Expense90Sales Revenue4,500Feb. 10 Cash10,000y Policy Q 2000-2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc.Version 4.24.21.1MAR30MacBook Air80DIIDD888F4F10F12F3F5F6F7FBF911 entCALCULATORFULL SCREENPRINTER VERSION1 BACKNEXT15 Added finance charges of 1.5% to Colaw credit card account balances.Journalize the transactions for Colaw Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the orderpresented in the problem.)DateAccount Titles and ExplanationDebitCreditJan. 15Accounts Recelvable18,000Sales Revenue18,000Jan. 20Cash4,410Service Charge Expense90Sales Revenue4,500Feb. 10 Cash10,000Accounts Receivable10,000Feb. 15 Accounts ReceivableSHOW LIST OF ACCOUNTSVersion 4.24.21.1y Policy | O 2000-2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc.GMAR30MacBook AirDIIDD888O0DF12F10F11F7FBF9F3F4F5F6O.*

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Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. Jan. 15 Made Colaw credit card sales totaling $18,000. (There were no balances prior to January 15.) 20 Made Visa credit card sales (service charge fee 2%) totaling $4,500. Feb. 10 Collected $10,000 on Colaw credit card sales. 15 Added finance charges of 1.5% to Colaw credit card account balances. Journalize the transactions for Colaw Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. Jan. 15 Made Colaw credit card sales totaling $18,000. (There were no balances prior to January 15.) 20 Made Visa credit card sales (service charge fee 2%) totaling $4,500. Feb. 10 Collected $10,000 on Colaw credit card sales. 15 Added finance charges of 1.5% to Colaw credit card account balances. Journalize the transactions for Colaw Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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