Question: QT Current Attempt in Progress Transactions follow for the Pharoah Sports Ltd. store and four of its customers in the company's first month of business:
Current Attempt in Progress Transactions follow for the Pharoah Sports Ltd. store and four of its customers in the company's first month of business: 6 Bijana Pavic used her Mastercard credit card to purchase $800 of merchandise. Mastercard charges a 2.5% service fec. 9 Nicole Montpetit purchased $383 of merchandise on account, terms 2/10,n/30. 19 Bonnie Cutcliffe used her debit card to purchase $239 of merchandise. There is a $0.50 service charge on all debit card transactions. 20 Ben Kidd made a $320 payment on his credit card account. 23. Nicole Montpetit purchased an additional $522 of merchandise on account, terms 2/10,n/30. 25 Nicole Montpetit paid the amount owing on her June 9 purchase. 30 Biljana Pavic used her Mastercard to purchase $400 of merchandise. Mastercard charges a 2.5% service fee. Record the above transactions, Ignore any inventory and cost of goods sold entries for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Round answers to 2 decimal places, e.s. 52.75. Record journal entries in the order presented in the problem.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
