Mookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800. Required: To record the payment on the VISA credit card: 1. From the Navigation Bar, select Expenses > select Expenses tab 2. From the New transaction drop-down menu, select Pay down credit card 3. For Which credit card did you pay?, select 2100 VISA Credit Card 4. For How much did you pay?, enter 800.00 5. For Date of payment, enter 01/31/2023 6. For What did you use to make this payment?, select 1001 Checking 7. Select Save and close 8. What is the balance of the VISA Credit Card account after the credit card payment is recorded? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.
Mookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800. Required: To record the payment on the VISA credit card: 1. From the Navigation Bar, select Expenses > select Expenses tab 2. From the New transaction drop-down menu, select Pay down credit card 3. For Which credit card did you pay?, select 2100 VISA Credit Card 4. For How much did you pay?, enter 800.00 5. For Date of payment, enter 01/31/2023 6. For What did you use to make this payment?, select 1001 Checking 7. Select Save and close 8. What is the balance of the VISA Credit Card account after the credit card payment is recorded? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:**Credit Card Payment Process: An Educational Guide**
Mookie the Beagle Concierge processes a payment on the VISA credit card on 01/31/2023 amounting to $800.
**Steps to Record the Payment on the VISA Credit Card:**
1. From the Navigation Bar, select **Expenses** > select **Expenses** tab.
2. From the New transaction drop-down menu, select **Pay down credit card**.
3. For the credit card, select **2100 VISA Credit Card**.
4. For the amount, enter **800.00**.
5. For the payment date, enter **01/31/2023**.
6. For the payment method, select **1001 Checking**.
7. Click **Save and close**.
**Question:**
What is the balance of the VISA Credit Card account after the credit card payment is recorded?
*Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.*
**Response:**
- **Answer Status:** ❌ Answer is complete but not entirely correct.
- **Balance of the VISA credit card account:** $1,673.00 ❌
This guide demonstrates the process needed for accounting purposes when making a payment towards a credit card balance. It involves selecting the correct options in a menu and ensures that transactions are recorded accurately within an accounting system.
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