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Jarrod's Meat Shop doubles as a butcher shop and a sandwich shop that sells to both individuals and a nearby hospital system. On a particular day, Jarrod's had cash sales of $450, credit sales of $600, sales on MasterCard of $657, and sales on Visa of $923. The sales on credit cards incur merchant charges of 1.6% for MasterCard and

Chapter 5, Brief Exercises #14
Jarrod's Meat Shop doubles as a butcher shop and a sandwich shop that sells to both individuals and a nearby hospital system. On a particular day, Jarrod's had cash sales of $450, credit sales of $600, sales on MasterCard of $657, and sales on Visa of $923. The sales on credit cards incur merchant charges of 1.6% for MasterCard and 1.9% for Visa.
Required:
Prepare a journal entry to record these sales?

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Related Book For answer-question
Cornerstones of Financial Accounting

Cornerstones of Financial Accounting

4th edition

Authors: Jay Rich, Jeff Jones

ISBN: 978-1337690898

Answers for Questions in Chapter 5

Brief Exercises:
Cases:
Cornerstone Exercise:
Discussion Questions:
Exercises:
Multiple Choice Questions:
Problem Set A:
Problem Set B:

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