1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Novay_Z [31]
3 years ago
10

Paci Restaurants accepts credit and debit cards as forms of payment. Assume Paci had $14, 000 of credit and debit card sales on

April 30, 2015.1. Suppose Paci's processor charges a 3​% fee and deposits sales net of the fee. Journalize the sale transaction for the restaurant. 2. Suppose Paci​'s processor charges a 3​% fee and deposits sales using the gross method. Journalize the sale transaction for the restaurant.
Business
1 answer:
vivado [14]3 years ago
8 0

Answer:

1) assuming that the credit card company's payments are immediate (1 business day)

April 30,2015, net credit and debit card sales

Dr Cash 13,580

    Cr Sales revenue 13,580

2) assuming that the credit card company's payments are immediate (1 business day)

April 30,2015, gross credit and debit card sales

Dr Cash 13,580

Dr Credit card fees 420

    Cr Sales revenue 14,000

You might be interested in
Ashley received a scholarship to be used as follows:___________tuition $6,000; room and board $9,000; and books and laboratory s
mojhsa [17]

Answer:

A) True THE CORRECT ANSWER

Explanation:

3 0
3 years ago
Overton Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2019. Because
Andre45 [30]

Answer:

The answer is "Operating expense of $800,000 and liability of $800,000".

Explanation:

It's obvious from its government that the company must recall any paint cans which have proved health hazardous. Its organization must remember its $800,000 in canned cans. The cost of recall would also be referred to as administration fees since these costs aren't linked to its production of the paints. All operations of the company were performed. It must be held responsible for the calculation of the recalling costs.

5 0
2 years ago
Which of the following is NOT considered personal information?
Anastasy [175]
Can you reply to this with the options so i can answer ^^
5 0
3 years ago
PLZ HELP!!!! what is a benefit of job shadowing?
Hoochie [10]

Answer:

It allows you to get an insight into the working life of the profession. It allows you to get an insight into the employer and organisational culture. It gives you a different perspective on your work by learning from others' experiences. It expands your network and helps you make professional contacts

Explanation:

7 0
3 years ago
Read 2 more answers
Which of the following statements about retirement planning trends is correct?
oee [108]

Answer: the Correct answer is Option D

D. 2 and 3

Explanation:

2. The change in the number of defined benefit plans has resulted in a shift in risk from employers

to employees.

3. The increased life expectancy, combined with reduced annuitized benefits has increased the risk

of superannuation for retirees.

4 0
3 years ago
Other questions:
  • The balance in Accounts Receivable at the beginning of the year amounted to $16,000. During the year, $64,000 of credit sales we
    7·2 answers
  • Q 6.41: Which of the following companies is most likely to have lost sales due to an inventory shortage? Company 1 has an invent
    13·1 answer
  • Under the Uniform Securities Act, which of the following negates a client's right to a civil suit for damages?
    7·1 answer
  • If shell decided to open a new service station I a rural area of uk, which was not well serviced with filling stations, it would
    5·1 answer
  • If the current exchange rate is 1.00 euro per dollar and the expected exchange rate at the end of the month rises to 1.20 euros
    11·1 answer
  • Functions of Financial Markets. Look back at Section 2.3 and then answer the following questions: (LO2-3) a. The price of Yum! B
    10·1 answer
  • Do you think people tailor their behavior to suit those in power more than they admit?
    11·1 answer
  • What is the title of the Access form shown above? frmBasic tblRetailer 0001 Spice World
    9·1 answer
  • Which of the following is a reason you can be fired under an employment at
    13·1 answer
  • Why is it important to begin establishing your personal brand while you are still in​ college?.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!