Pina Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. Jan. 15 20 Feb. 10 15 Journalize the transactions for Pina 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.) Date Jan. 15 Jan. 20 Feb. 10 Made Pina credit card sales totaling NT$35,500. (There were no balances prior to January 15.) Made Visa credit card sales (service charge fee 3%) totaling NT$6,300. Collected NT$12,100 on Pina credit card sales. Added finance charges of 2.5% to Pina credit card account balances. Feb. 15 Accounts Receivable Account Titles and Explanation Sales Revenue Cash Cash Accounts Receivable Accounts Receivable Debit 35500 6111 189 12100 585 Credit 35500 6300 12100 585
Pina Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. Jan. 15 20 Feb. 10 15 Journalize the transactions for Pina 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.) Date Jan. 15 Jan. 20 Feb. 10 Made Pina credit card sales totaling NT$35,500. (There were no balances prior to January 15.) Made Visa credit card sales (service charge fee 3%) totaling NT$6,300. Collected NT$12,100 on Pina credit card sales. Added finance charges of 2.5% to Pina credit card account balances. Feb. 15 Accounts Receivable Account Titles and Explanation Sales Revenue Cash Cash Accounts Receivable Accounts Receivable Debit 35500 6111 189 12100 585 Credit 35500 6300 12100 585
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Pina Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred.
Jan. 15
20
Feb. 10
15
Journalize the transactions for Pina 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.)
Date
Jan. 15
Jan. 20
Feb. 10
Made Pina credit card sales totaling NT$35,500. (There were no balances prior to January 15.)
Made Visa credit card sales (service charge fee 3%) totaling NT$6,300.
Collected NT$12,100 on Pina credit card sales.
Added finance charges of 2.5% to Pina credit card account balances.
Feb. 15
Accounts Receivable
Account Titles and Explanation
Sales Revenue
Cash
Cash
Accounts Receivable
Accounts Receivable
Debit
35500
6111
189
12100
585
Credit
35500
6300
12100
585
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