Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for $70,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions. 7 Sold services to customers for $9,000 cash. 8 Recorded Visa credit card sales totalling $40,000. Assume visa applies fees of 2%. 10 Sold $30,000 of services to Edson Community Health Clinic, terms 2/15, n /30. 25 Collected the amount owing regarding the October 10 sale.

Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for $70,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions. 7 Sold services to customers for $9,000 cash. 8 Recorded Visa credit card sales totalling $40,000. Assume visa applies fees of 2%. 10 Sold $30,000 of services to Edson Community Health Clinic, terms 2/15, n /30. 25 Collected the amount owing regarding the October 10 sale.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4Q: American Signs allows customers to pay with their Jones credit card and cash. Jones charges American...

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American Signs allows customers to pay with their Jones credit card and cash. Jones charges American Signs a 3.5% service fee for each credit sale using its card. Credit sales for the month of June total $328,430, where 40% of those sales were made using the Jones credit card. Based on this information, what will be the total in Credit Card Expense at the end of June?
Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for $100,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions. 7 Sold services to customers for $12,000 cash. 8 Recorded Visa credit card sales totaling $58,000. Assume visa applies fees of 2%. 10 Sold $42,000 of services to Edson Community Health Clinic, terms 2/15, n/30. 25 Collected the amount owing regarding the October 10 sale. Record the journal entry 1. Record the sale of services less debit card expense (Oct 1) 2. Record the sale of services provided for cash. (Oct 07) 3. Record the sale of services less credit card expense (Oct 08) Image attached for reference
Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for $100,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions. 7 Sold services to customers for $12,000 cash. 8 Recorded Visa credit card sales totaling $58,000. Assume visa applies fees of 2%. 10 Sold $42,000 of services to Edson Community Health Clinic, terms 2/15, n/30. 25 Collected the amount owing regarding the October 10 sale. Record-Journal entry 1. Record the sale of services; terms 2/15, n/30 (Oct 10) 2. Record the collection of the Oct. 10 credit sale. (Oct 25) Image attached for reference:
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Please provide answer in text (Without image), every entry should have narration please
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