Recording credit card and debit card sales Restaurants do a large volume of business by credit and debit cards. Suppose Chocolate Passion restaurant had these transactions on January 28, 2012:
|
National Express credit card sales |
$ 9,300 |
|
ValueCard debit card sales |
9,000 |
Suppose Chocolate Passion’s processor charges a 3% fee and deposits sales net of the fee.
Requirement
1. Journalize these sale transactions for the restaurant.