FUND.ACCT.PRIN.(LOOSELEAF)-W/ACCESS
FUND.ACCT.PRIN.(LOOSELEAF)-W/ACCESS
24th Edition
ISBN: 9781260260724
Author: Wild
Publisher: MCG
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Chapter 9, Problem 1QS

Credit card sales
Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system).

1. Sold $20,000 of merchandise, which cost $15,000, on MasterCard credit cards. MasterCard charges a 5% fee.
2. Sold $,000 of merchandise, which cost $3,000, on an assortment of bank credit cards. These cards charge a 4% fee.

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Chapter 9 Solutions

FUND.ACCT.PRIN.(LOOSELEAF)-W/ACCESS

Ch. 9 - Credit card sales Prepare journal entries for the...Ch. 9 - Direct write-off method P1 Solstice Company...Ch. 9 - Recovering a bad debt P1 Solstice Company...Ch. 9 - Distinguishing between allowance method and direct...Ch. 9 - Allowance method for bad debts P2 Gomez Corp. uses...Ch. 9 - Reporting allowance for doubtful accounts P2 On...Ch. 9 - Prob. 7QSCh. 9 - Prob. 8QSCh. 9 - Aging of receivables method P3 ^ Net Zero...Ch. 9 - Prob. 10QSCh. 9 - Prob. 11QSCh. 9 - QS 9-9 Note receivable honored P4 On August 2, Jun...Ch. 9 - Prob. 13QSCh. 9 - Prob. 14QSCh. 9 - Prob. 15QSCh. 9 - Prob. 16QSCh. 9 - Prob. 17QSCh. 9 - Exercise 9-1 Accounts receivable subsidiary...Ch. 9 - Prob. 2ECh. 9 - Exercise 9-3 Sales on store credit card C1 Z-Mart...Ch. 9 - Exercise 9-4 Direct write-off method Dexter...Ch. 9 - Exercise 9-5 Writing off receivables P2 On January...Ch. 9 - Exercise 9-6 Percent of sales method; write-off...Ch. 9 - Exercise 9-7 Percent of accounts receivable...Ch. 9 - Exercise 9-8 Aging of receivables method P3 Daley...Ch. 9 - Exercise 9-9 Percent of receivables method...Ch. 9 - Exercise 9-10 Aging of receivables schedule...Ch. 9 - Exercise 9-10 Estimating bad debts P3 At December...Ch. 9 - Exercise 9-11 Notes receivable...Ch. 9 - Exercise 9-12 Notes receivable transactions...Ch. 9 - Exercise 9-14 Honoring a note P4 Prepare journal...Ch. 9 - Exercise 9-15 Dishonoring a note P4 Prepare...Ch. 9 - Exercise 9-16 Selling and pledging accounts...Ch. 9 - Exercise 9-17 Accounts receivable turnover A1 Q...Ch. 9 - Problem 9-1A Sales on account and credit card...Ch. 9 - Problem 9-2A Estimating and reporting bad debts P2...Ch. 9 - Problem 9-3A Aging accounts receivable and...Ch. 9 - Problem 9-4A Accounts receivable transactions and...Ch. 9 - Problem 9-5A Analyzing and journalizing notes...Ch. 9 - Problem 9-1B Sales on account and credit card...Ch. 9 - Problem 9-2B Estimating and reporting bad debts P2...Ch. 9 - Problem 9-3B Aging accounts receivable and...Ch. 9 - Problem 9-4B Accounts receivable transactions and...Ch. 9 - Prob. 5BPSBCh. 9 - SP 9 Santana Rey: owner of Business Solutions,...Ch. 9 - Prob. 1GLPCh. 9 - Prob. 1AACh. 9 - Prob. 2AACh. 9 - Prob. 3AACh. 9 - Anton Blair is the manager of a medium-size...Ch. 9 - Prob. 2BTNCh. 9 - Prob. 3BTNCh. 9 - Prob. 4BTNCh. 9 - Prob. 5BTNCh. 9 - Many commercials ¡include comments similar to the...
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