Record the following transactions in the general journal of Jesse's Quick Clean Service. Assume Scotiabank charges merchants
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Assume Scotiabank charges merchants $0.50 per debit card transaction and MasterCard charges 4 percent of sales as service fees.
Mar. 31 Scotiabank debit card sales of $22,000, consisting of 1,500 transactions.
31 MasterCard credit card sales of $33,000.
Mar. 31 FleetPlan card accepted for $2,800 of payments. This card requires that receipts are submitted for payment manually. A 2 percent fee applies.
April 10 Payment was received from FleetPlan.
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Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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