Homework: Chapter 7 Homework 3 of 6 (3 complete) Score: 0 of 10 pts E7-19 (similar to) Gold Medal Running Shoes reports the following: (Click the icon to view the transaction information.) Joumalize all entries required for Gold Medal Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date May 4, 2018 Recorded credit card sales of $120,000, net of processor fee of 1%. Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Accounts and Explanation Debit 2018 May 1 Choose from any list or enter any number in the input fields and then click Check Answer parts 2 remaining Clear All HV GUU. 3 of 6 (3 complete) owing: information.) dal Running Shoes (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) of $120,000, n More Info Explanation 2018 May 1 Recorded World Express credit card sales of $120,000, net of processor fee of 1%. Ignore Cost of Goods Sold. 15 Recorded Centura credit card sales of $92,000. Processor charges a 3.5% fee. Centura charges the fee at the end of the month, therefore Gold Medal uses the gross method for these credit card sales. Ignore Cost of Goods Sold. 31 Centura collected the fees for the month of May. Assume the May 15 transaction is the only Centura credit card sale. Print Done my number in the input fields and then click Check Answer. Clear All ch