Problem 1: Prepare journal entries for the following transactions from Angled Pictures. Customer LeShaun Rogers purchased 167 picture frames at a sales price of $28 per frame with her American credit card. The cost to Angled Pictures for the sale is $19 per frame. American credit card charges Angled Pictures a fee of 3% of the sale. American remits payment to Angled Pictures, less any fees. Jun. 21 Jun. 30 Solution Jun. 21 To record sale of picture frames, 3% credit card fee, Jun. 21 To record cost of sale Jun. 30 To record cash payment, less credit card fee

Problem 1: Prepare journal entries for the following transactions from Angled Pictures. Customer LeShaun Rogers purchased 167 picture frames at a sales price of $28 per frame with her American credit card. The cost to Angled Pictures for the sale is $19 per frame. American credit card charges Angled Pictures a fee of 3% of the sale. American remits payment to Angled Pictures, less any fees. Jun. 21 Jun. 30 Solution Jun. 21 To record sale of picture frames, 3% credit card fee, Jun. 21 To record cost of sale Jun. 30 To record cash payment, less credit card fee

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please provide answer in text (Without image), every entry should have narration please
Can you help me fill out this journal entry?
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