WebBusiness. Accounting. Accounting questions and answers. A company had the following sales transactions: Total debit card sales = $240,000. Total credit card sales = $430,000. Total cash sales = $820,000. Total check sales = $110,000. There is a charge of 3% on all credit card transactions. Calculate total sales revenue recorded for the year. Web5 apr. 2024 · Sold $6,800 of... Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $23.000 of merchandise, which cost $17,400, on Mastercard credit cards. Mastercard... A retailer is charged a credit card fee of 2.5% of credit card sales.
Answered: A company had the following sales… bartleby
WebOn December 27, 20x1, ABC Co. received a sale order for a credit sale of goods with selling price of ₱3,000. The goods were shipped by ABC on December 31, 20x1 and were received by the buyer on January 2, 20x2. The related shipping costs amounted to ₱20. ABC Co. collected the receivable on January 5, 20x2. WebA company had the following sales transactions: 1. Total debit card sales = $230,000. 2. Total credit card sales = $440,000. 3. Total cash sales = $840,000. 4. Total check … horse racing nation arkansas derby
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WebJD.com, Inc., also known as Jingdong (Chinese: 京东; pinyin: Jīngdōng), internationally known as Joybuy and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing.It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500 and a major … Web18 mar. 2024 · The entry to record this sales transaction would include a credit to: Sales in the amount of $500. Dr Cash $490 [$500-(2%×$500)] Dr Credit card expense $10 (2%×$500) Cr Sales $500 (To record sales amount) Inconclusion The entry to record this sales transaction would include a credit to: Sales in the amount of $500. Learn more … WebSales to customers who use credit cards such as MasterCard and Visa are usually recorded by a: (i) Debit to Cash and a credit to Sales. (ii) Debit to Cash, credit to Credit Card Expense, and a credit to Sales. (iii) Debit to Bank Credit Card Sales, d; A company sold merchandise for $30,000 cash. The cost of the merchandise sold was $18,000. horse racing nation 2020