At Whimsical Arts, gross sales for the month included: Sales on account (3/10, n/30) Credit card...

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At Whimsical Arts, gross sales for the month included: Sales on account (3/10, n/30) Credit card sales (4% credit card fee) Date (a) $120,000 $240,000 Requirement 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) First, record the sales on account. Next, record the credit card sales Journal Entry Accounts Accounts Receivable Sales Revenue Journal Entry Debit COLL 120,000 Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Read the requirements. Credit 120,000 At Whimsical Arts, gross sales for the month included: Sales on account (3/10, n/30) Credit card sales (4% credit card fee) Next, record the credit card sales. Date (b) Date (c) $120,000 $240,000 Journal Entry Cash Accounts Cash Credit Card Discount Expense Sales Revenue Debit Accounts 230,400 9,600 Now, record the cash payments on account received during the month. (Prepare a compound entry for all cash payments on account received during the month.) Journal Entry Debit Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Read the requirements. 17,600 Credit 240,000 Credit At Whimsical Arts, gross sales for the month included: Sales on account (3/10, n/30) Credit card sales (4% credit card fee) Val (b) Date (c) $120,000 $240,000 ACCOUNTS Cash Credit Card Discount Expense Sales Revenue Accounts Cash Sales Discounts Accounts Receivable Ledit 230,400 9,600 Now, record the cash payments on account received during the month. (Prepare a compound entry for all cash payments on account received during the month.) Journal Entry Debit Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Read the requirements. 17,600 2,400 Credit 240,000 Credit 120,000 At Whimsical Arts, gross sales for the month included: Sales on account (3/10, n/30) Credit card sales (4% credit card fee) U Now, reco D Requirements $120,000 $240,000 AT DISSETTED Accounts Receivable 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. 2. Calculate the net sales revenue for the month. Print Done CIS LEXA Half of the sales on account were paid within the accounts were paid in full by the end of the mon Read the requirements. 120,000 yments on account received du At Whimsical Arts, gross sales for the month included: Sales on account (3/10, n/30) Credit card sales (4% credit card fee) Date (a) $120,000 $240,000 Requirement 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) First, record the sales on account. Next, record the credit card sales Journal Entry Accounts Accounts Receivable Sales Revenue Journal Entry Debit COLL 120,000 Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Read the requirements. Credit 120,000 At Whimsical Arts, gross sales for the month included: Sales on account (3/10, n/30) Credit card sales (4% credit card fee) Next, record the credit card sales. Date (b) Date (c) $120,000 $240,000 Journal Entry Cash Accounts Cash Credit Card Discount Expense Sales Revenue Debit Accounts 230,400 9,600 Now, record the cash payments on account received during the month. (Prepare a compound entry for all cash payments on account received during the month.) Journal Entry Debit Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Read the requirements. 17,600 Credit 240,000 Credit At Whimsical Arts, gross sales for the month included: Sales on account (3/10, n/30) Credit card sales (4% credit card fee) Val (b) Date (c) $120,000 $240,000 ACCOUNTS Cash Credit Card Discount Expense Sales Revenue Accounts Cash Sales Discounts Accounts Receivable Ledit 230,400 9,600 Now, record the cash payments on account received during the month. (Prepare a compound entry for all cash payments on account received during the month.) Journal Entry Debit Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Read the requirements. 17,600 2,400 Credit 240,000 Credit 120,000 At Whimsical Arts, gross sales for the month included: Sales on account (3/10, n/30) Credit card sales (4% credit card fee) U Now, reco D Requirements $120,000 $240,000 AT DISSETTED Accounts Receivable 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. 2. Calculate the net sales revenue for the month. Print Done CIS LEXA Half of the sales on account were paid within the accounts were paid in full by the end of the mon Read the requirements. 120,000 yments on account received du

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