Slick Running Shoes reports the following: View the transaction information. Journalize all entries required for Slick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Credit Card Expense Sales Revenue Recorded credit card sales, net of fee. 2,300 115,000 Mar. 15, 2024: Recorded GoldCard credit card sales of $84,000. Processor charges a 1.5% fee. GoldCard charges the fee at the end of the month, therefore Slick uses the gross method for these credit card sales. Ignore Cost of Goods Sold. Date Accounts and Explanation Mar. 15 Accounts Receivable Sales Revenue Recorded credit card sales. Debit Credit 84,000 84,000
Slick Running Shoes reports the following: View the transaction information. Journalize all entries required for Slick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Credit Card Expense Sales Revenue Recorded credit card sales, net of fee. 2,300 115,000 Mar. 15, 2024: Recorded GoldCard credit card sales of $84,000. Processor charges a 1.5% fee. GoldCard charges the fee at the end of the month, therefore Slick uses the gross method for these credit card sales. Ignore Cost of Goods Sold. Date Accounts and Explanation Mar. 15 Accounts Receivable Sales Revenue Recorded credit card sales. Debit Credit 84,000 84,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
![Slick Running Shoes reports the following:
View the transaction information.
Journalize all entries required for Slick Running Shoes. (Record debits first, then credits. Select the explanation on the last
line of the journal entry table.)
Credit Card Expense
Sales Revenue
Recorded credit card sales, net of fee.
2,300
115,000
Mar. 15, 2024: Recorded GoldCard credit card sales of $84,000. Processor charges a 1.5% fee. GoldCard charges the fee at
the end of the month, therefore Slick uses the gross method for these credit card sales. Ignore Cost of Goods Sold.
Date
Accounts and Explanation
Mar. 15 Accounts Receivable
Sales Revenue
Recorded credit card sales.
Debit
Credit
84,000
84,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba18199c-6b60-433e-9c35-424dbe6b9ea5%2F4950fd46-8f99-4347-b3e5-98863392d723%2Fkyp8fgh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Slick Running Shoes reports the following:
View the transaction information.
Journalize all entries required for Slick Running Shoes. (Record debits first, then credits. Select the explanation on the last
line of the journal entry table.)
Credit Card Expense
Sales Revenue
Recorded credit card sales, net of fee.
2,300
115,000
Mar. 15, 2024: Recorded GoldCard credit card sales of $84,000. Processor charges a 1.5% fee. GoldCard charges the fee at
the end of the month, therefore Slick uses the gross method for these credit card sales. Ignore Cost of Goods Sold.
Date
Accounts and Explanation
Mar. 15 Accounts Receivable
Sales Revenue
Recorded credit card sales.
Debit
Credit
84,000
84,000
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