Knife and Fork operates as a restaurant. Its customers can pay by cash, debit or credit...

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Knife and Fork operates as a restaurant. Its customers can pay by cash, debit or credit card. For each debit transaction, John pays $0.20. For credit cards, John pays 4% of the total credit card transactions. On December 21, 2019, John compiled the following summary for the work day. Transaction Type Total Number of Transactions Cash $2480 45 Debit Card $0 Credit Card $3500 84 Required Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the total debit/credit card expense for December 21. Total Debit/Credit Card Expense = $ b) Record the journal entry for the day's sales ignoring cost of goods sold. For transactions with more than one debit, enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2019 Dec 21 To record sates Knife and Fork operates as a restaurant. Its customers can pay by cash, debit or credit card. For each debit transaction, John pays $0.20. For credit cards, John pays 4% of the total credit card transactions. On December 21, 2019, John compiled the following summary for the work day. Transaction Type Total Number of Transactions Cash $2480 45 Debit Card $0 Credit Card $3500 84 Required Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the total debit/credit card expense for December 21. Total Debit/Credit Card Expense = $ b) Record the journal entry for the day's sales ignoring cost of goods sold. For transactions with more than one debit, enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2019 Dec 21 To record sates

Answer rating: 100% (QA)

a Particulars Workings Amount Debit card expense No of transactions 02... View the full answer