Question 1 On September 12, 8 customers use debit cards to purchase merchandise totalling $580 from...
Question 1 On September 12, 8 customers use debit cards to purchase merchandise totalling $580 from Sunland Company. The bank charges Sunland Company $0.80 per debit card transaction. Prepare the entry to record the transactions by Sunland Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 15.75.) Date Account Titles and Explanation Debit Credit Sept. 12 enter an account title for the journal entry on September 12 enter a debit amount enter a credit amount enter an account title for the journal entry on September 12 enter a debit amount enter a credit amount enter an account title for the journal entry on September 12 enter a debit amount enter a credit amount.
Homework Answers
| Date | Account Titles and Explanation | Debit | Credit |
| Sept. 12 | Cash ($580 - $6.40) | 573.60 | |
| Debit card expense (8 x $0.80) | 6.40 | ||
| Sales revenue | 580.00 | ||
| (To record debit card sales) |
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Question 1 On September 12, 8 customers use debit cards to
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Brief Exercise 8-10
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