Gas stations do a large volume of business by customer credit cards and debit cards. Suppose an Esso station had these transactions on July 17:
VISA credit card sales ............................................. $20,000
Non-bank credit card sales .................................... 5,000
Debit card sales ........................................................ 16,000
Suppose VISA charges merchants 3 percent, non-bank credit card companies charge 4 percent, and the bank charges 2 percent for debit card transactions. Record these sale transactions for the Esso station.