Question: Additional Exercise 208 Wainwright Stores accepts both its own and national credit cards. During the year the following selected summary transactions occurred. Jan, 15 Made

Additional Exercise 208 Wainwright Stores accepts both its own and national credit cards. During the year the following selected summary transactions occurred. Jan, 15 Made Wainwright credit card sales totaling $24,000. (There were no balances prior to January 15.) 20 Made Visa credit card sales service charge fee 2%) totaling $7,000. Feb. 10 Collected $14,000 on Wainwright credit card sales. 15 Added finance charges of 1% to Wainwright credit card balance Journalire the transactions for Wainwright Stores. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Journalize the transactions for Wainwright Stores. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually.) Date Account Tities and Explanation Debit Credit Jan. 15 Jan. 20 Feb. 10 Feb. 15
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
