Problem

Recording credit-card and debit-card salesRestaurants do a large volume of business by cre...

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:

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.

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Solutions For Problems in Chapter 8

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