Palan Restaurants accepts credit and debit cards as forms of payment. Assume Palan had $ 18 comma
Question:
Palan Restaurants accepts credit and debit cards as forms of payment. Assume Palan had $ 18 comma 000 of credit and debit card sales on April 30, 2023. 9. Suppose Palan's processor charges a 4% fee and deposits sales net of the fee. Journalize the sales transaction for the restaurant. 10. Suppose Palan's processor charges a 4% fee and deposits sales using the gross method. Journalize the sales transaction for the restaurant. Question content area bottom Part 1 9. Suppose Palan's processor charges a 4% fee and deposits sales net of the fee. Journalize the sales transaction for the restaurant. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Apr. 30 Part 2 10. Suppose Palan's processor charges a 4% fee and deposits sales using the gross method. Journalize the sales transaction for the restaurant. Date Accounts and Explanation Debit
Accounting Principles Volume 1
ISBN: 9781119786818
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak