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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.
Transcribed Image Text: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.
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