Question: Accounting math question. Please answer in format shown. CH9 Number 1 Pater Restaurants accepts credit and debit cards as forms of payment. Assume Peter had
Accounting math question. Please answer in format shown. CH9 Number 1
Pater Restaurants accepts credit and debit cards as forms of payment. Assume Peter had $10,000 of credit and debit card sales on June 30, 2015. Suppose Peter's processor charges a 2% fee and deposits sales net of the fee. Journalize the sale transaction for the restaurant. Suppose Peter's processor charges a 2% fee and deposits sales using the gross method. Journalized the sale transaction for the restaurant. Journalize the sale transaction net of the fee for the restaurant. (Round debits first, then credits, Select the explanation on the last line of the journal entry table.)
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