Prepare journal entries for the following transactions from Cars Plus. Oct. 18 Customer Angela Sosa purchased $136,980 worth of car parts with her Standard credit card. The cost to Cars Plus for the sale is $87,250. Standard credit card charges Cars Plus a fee of 4% of the sale. Oct. 24 Standard remits payment to Cars Plus, less any fees. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. Oct. 18 - Sale on credit Oct. 18 - Cost of sale 00 Oct. 24
Prepare journal entries for the following transactions from Cars Plus. Oct. 18 Customer Angela Sosa purchased $136,980 worth of car parts with her Standard credit card. The cost to Cars Plus for the sale is $87,250. Standard credit card charges Cars Plus a fee of 4% of the sale. Oct. 24 Standard remits payment to Cars Plus, less any fees. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. Oct. 18 - Sale on credit Oct. 18 - Cost of sale 00 Oct. 24
Chapter1: Financial Statements And Business Decisions
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Prepare journal entries for the following transactions from Cars Plus.
Oct. 18 Customer Angela Sosa purchased $136,980 worth of car parts with her Standard credit card. The cost to Cars Plus for the sale is $87,250.
Standard credit card charges Cars Plus a fee of 4% of the sale.
Oct. 24 Standard remits payment to Cars Plus, less any fees.
If an amount box does not require an entry, leave it blank. Round your answers to two decimal places.
Oct. 18 - Sale on credit
Oct. 18 - Cost of sale
Oct. 24
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73
100
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