Pina Stores accepts both its own and national credit cards. During the year, the following selected...

 

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Pina Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. Jan. 15 20 Feb. 10 15 Made Pina credit card sales totaling $35,500. (There were no balances prior to January 15.) Made Visa credit card sales (service charge fee 3%) totaling $6,300. Collected $12,100 on Pina credit card sales. Added finance charges of 2.5% to Pina credit card account balances. Journalize the transactions for Pina Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Pina Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred. Jan. 15 20 Feb. 10 15 Made Pina credit card sales totaling $35,500. (There were no balances prior to January 15.) Made Visa credit card sales (service charge fee 3%) totaling $6,300. Collected $12,100 on Pina credit card sales. Added finance charges of 2.5% to Pina credit card account balances. Journalize the transactions for Pina Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

Answer rating: 100% (QA)

Jan 15 Accounts Receivable Pina Credit Card Sales Pina Credit Card 35500 35500 Jan 15 Acco... View the full answer