Question

can anyone help??

Workshop 3 Problems Student Q Search Sheet Σ AutoSum' ΑΡ. door > Wrap Text Custom $ % ) 0 .00 Conditional Format Formatting as Table Cell Styles Insert Home Insert Page Layout Formulas Data Review View Xcut Calibri (Body) , 12 A- A = = = Copy e Format BI U DA = = Merge & Center G24 x fx A B C D E F G H I J 1 3.1 Journal Entries for Sales with Credit Card or Collection Fees Points: 16 items @ 1 pt. each = 16 total points 2 Directions: Prepare Journal entries based on the following information: Delete Format Clear Sort & Filter K L M N O P Q R S T U V 4 a). Sold $45,000 Merchandise on "bank card", same day funding 5 net of fee 1.5% assed by bank on June 15th Account Debit Credit 7 8 Date June 15th 10 12 b) Sold $9,000 merchandise on "nonbank card" and recorded a 6% Fee Account Debit Credit 15 Date 16 December 15 17 20 c) Collected amount due of $8,460 from credit card company Account Debit Credit 22 Date 23 December 31 24 28 Helpful Resources AR Video Problem 3.1 Problem 3.2 Problem 3.3 Problem 3.4 Problem 3.5 Problem 3.6 + Ready @ - - + 100%

Answer 1

Date	Accounts Titles	Debit	Credit
June 15	Cash	$44,325
	Service Charges	$675		($45,000 x 1.5%)
	Sales		$45,000
	(To record the sale)
Dec 15	Accounts Receivable	$8,460
	Service Charges	$540		($9,000 x 6%)
	Sales		$9,000
	(To record the sale)
Dec 31	Cash	$8,460
	Accounts Receivable		$8,460
	(To record collected amount due from credit card company)