Journalize the following transactions for Stillwater Spa Consultants:   Oct. 1 Sold services for $100,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions.   7 Sold services to customers for $12,000 cash.   8 Recorded Visa credit card sales totaling $58,000. Assume visa applies fees of 2%.   10 Sold $42,000 of services to Edson Community Health Clinic, terms 2/15, n/30.   25 Collected the amount owing regarding the October 10 sale. Record-Journal entry 1. Record the sale of services; terms 2/15, n/30 (Oct 10)  2. Record the collection of the Oct. 10 credit sale. (Oct 25) Image attached for reference:

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Restaurants do a large volume of business by credit and debit cards. Suppose Chocolate Passion restaurant had these transactions on January 28: View the transactions. Read the requirements. ☑ Requirement 1. Suppose Chocolate Passion's processor charges a 6% fee and deposits sales net of the fee. Journalize these sale transactions for the restaurant. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the credit sales net of the fee, first. Date Accounts and Explanation Transactions Debit Credit National Express credit card sales $ 10,700 ValueCard debit card sales 8,000 Print Done ☑ Requirements - Suppose Chocolate Passion's processor charges a 6% fee and deposits sales net of the fee. Journalize these sales transactions for the restaurant. 2. Suppose Chocolate Passion's processor charges a 6% fee and deposits sales using the gross method. Assume that on January 28, the company pays the fees assessed by the credit card…

Please help with the following question  Q3: Shafer Company has the following accounts in its general ledger atJuly 31: Accounts Receivable $49,000 and Allowance for Doubtful Accounts $3,400. During August, the following transactions occurred.   Aug.​15​Sold $30,000 of accounts receivable to More Factors, Inc. who assesses a 2% finance charge.   ​25​Made sales of $2,500 on Visa credit cards. The credit card service charge is 3%.   ​28​Made sales of $4,000 on Shafer credit cards.   Instructions (a)​Journalize the transactions. (b)​Indicate the statement presentation of service charges.   BR,

Current Attempt in Progress Crane Company has the following accounts in its general ledger at July 31: Accounts Receivable $32,800 and Allowance for Doubtful Accounts $2,050. During October, the following transactions occurred. Oct. 15 Sold $13,100 of accounts receivable to Nelson Factors, Inc. who assesses a 4% finance charge. 25 Made sales of $800 on VISA credit cards. The credit card service charge is 3%. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit

Britta's Sandwiches operates as a sandwich and wrap shop. Its customers can pay by cash, debit or credit card. For each debit transaction, Britta pays $0.20. For credit cards, Britta pays 3% of the total credit card transactions. On September 10, 2022, Britta compiled the following summary for the work day. Transaction Type Total Number of Transactions Cash $413 50 Debit Card $318 43 Credit Card $0 0 Required Do not enter dollar signs or commas in the input boxes. a) Calculate the total debit/credit card expense for September 10. Total Debit/Credit Card Expense = $8.60 b) Record the journal entry for the day's sales ignoring Cost of Goods Sold.

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3. On March 3, Greentree Appliances sells $480,000 of its receivables to Naomi Factors, Inc. Naomi Factors assesses a finance charge of 6% of the amount of receivables sold. Prepare the entry on Greentree Appliance's books to record the sale of the receivables. List two advantages to Greentree to using a factor. Date Account Titles and Explanation Ref Debit Credit EXTRA CREDIT: List two advantages to Greentree due to using a factor.

Sales revenue for Hy Marx Tutoring was $620,000. The following data are from the accounting records of Marx:           Accounts receivable, January 1 $ 106,000   Accounts receivable, December 31   75,000       The cash received from customers was:   Multiple Choice   $545,000.   $651,000.   $589,000.   $620,000.

AI Kamil Hypermarket accepted a Bank Muscat credit card for a RO 7,500 purchase. Bank Muscat charges a 4% fee. Al Kamil Hypermarket should record Service Charge Expense as a Select one: O a Debit of RO 7,500 O b. None of the answers are correct O c Credit of RO7,200 O d. Credit of RO 300 O e. Debit of RO 300