Question

8. Suppose Chocolate Passion's processor charges a 3% fee and deposits on February 15, 2015. Journalize these sale transactions for the restaurant

Answer 1

7.

date	accounts	debit	credit
jan 28 2015	cash a/c	17,751
	credit card expense a/c	549
	............To sales revenue		18,300
	(amount = 18,300*3%=>$549) (18,300-549=>17.751)

8.

date	accounts	debit	credit
jan 28 2015	accounts receivable	18,300
	..........To sales revenue		18,300
feb 15 2015	cash a/c	17,751
	credit card expense a/c	549
	..........To accounts receivable a/c		18,300