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sveticcg [70]
4 years ago
14

On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry

on Cullumber’s books related to the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
Thepotemich [5.8K]4 years ago
3 0

Answer:

Journal entry

Explanation:

The journal entry is as follows

Cash      $1,323

Service charge expense ($1,350 × 2%) $27

               To    Sales Revenue  $1,350

(Being the cash is recorded)

for recording this transaction we debited the cash and expenses as it increase both balances while at the same time the sales revenue is also increased so it is credited

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Answer: Market development.

Explanation:

Market development is the process of rebranding a product to make an already existing product more marketable to consumers(both those already consuming the products and those yet to consume them). This market development involves using various creative means to make an already existing product more attractive to consumers.

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A​ company's suppliers and the​ suppliers' suppliers are considered the​ _____________ portion of the supply chain.
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Upstream portion

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Suppliers of the company and the suppliers who supplies are considered to be the upstream portion of the supply chain. It is that portion of supply chain which involves the supplies of the company and the processes who manages the relationship with them.

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What are the 3 important reasons to reconcile bank and credit card as a set date ​
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Answer:

1) To verify transactions have the correct date assigned to them. 2) To verify that an account balance is within its credit limit. 3) To verify that all transactions have been recorded for the period.

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3 years ago
A market researcher divides the Dallas metropolitan area into blocks having roughly equal populations. He then selects a random
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Answer: . two-stage area

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To help herself remember the items she was to get from the market, Anna repeated the five-item list over and over under her brea
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rehearsal

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This information processing strategy is best referred to as a rehearsal.

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