leek $4$ Assignment $-$ Chapters $6$&$7$

Question $7,$ TIF$7-5($similar to$)$

HW Score: $10\%,1$ of $10$ points

Part $1$ of $2$

Points: $0$ of $1$

Paden Restaurants accepts credit and debit cards as forms of payment. Assume Paden had $$16,000$ of credit and debit card sales on September $30,2023.$

$9.$ Suppose Paden's processor charges a $1\%$ fee and deposits sales net of the fee. Journalize the sales transaction for the restaurant.

$10.$ Suppose Paden's processor charges a $1\%$ fee and deposits sales using the gross method. Journalize the sales transaction for the restaurant.

$9.$ Suppose Paden's processor charges a $1\%$ fee and deposits sales net of the fee. Journalize the sales transaction for the restaurant. $($Record debits first, then, credits. Select the explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Sept$.30,,,],[,,,],[,,,],[,,,],[,,,]]$

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