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Category > Accounting Posted 27 Apr 2017 My Price 2.00

A company had the following sales transactions

A company had the following sales transactions:

a. Total debit card sales = $200,000

b. Total credit card sales = $400,000

c. Total cash sales = $800,000

d. Total check sales = $100,000

There is a 2% fee on all credit card transactions. Calculate total sales recorded for the year

Nov 21 2013 04:05 

Answers

Alpha Geek
(8)
Status NEW Posted 27 Apr 2017 07:04 AM My Price 2.00

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file 1493277383-Answer.docx preview (70 words )
A----------- co-----------mpa-----------ny -----------had----------- th-----------e f-----------oll-----------owi-----------ng -----------sal-----------es -----------tra-----------nsa-----------cti-----------ons-----------: -----------a. -----------Tot-----------al -----------deb-----------it -----------car-----------d s-----------ale-----------s =----------- $2-----------00,-----------000----------- b-----------. T-----------ota-----------l c-----------red-----------it -----------car-----------d s-----------ale-----------s =----------- $4-----------00,-----------000----------- c-----------. T-----------ota-----------l c-----------ash----------- sa-----------les----------- = -----------$80-----------0,0-----------00 ----------- d.----------- To-----------tal----------- ch-----------eck----------- sa-----------les----------- = -----------$10-----------0,0-----------00 ----------- Th-----------ere----------- is----------- a -----------2% -----------fee----------- on----------- al-----------l c-----------red-----------it -----------car-----------d t-----------ran-----------sac-----------tio-----------ns.----------- Ca-----------lsu-----------lat-----------e t-----------ota-----------l s-----------ale-----------s r-----------eco-----------rde-----------d f-----------or -----------the----------- ye-----------ar ----------- No-----------v 2-----------1 2-----------013----------- 04-----------:05----------- PM----------- A-----------nsw-----------er:----------- -----------$15-----------,00-----------0,0-----------00 -----------Tot-----------al -----------sal-----------es -----------= d-----------ebi-----------t +----------- cr-----------edi-----------t +----------- ca-----------sh -----------+ c-----------hec-----------k s-----------ale-----------s =----------- $2-----------00,-----------000----------- + -----------$40-----------0,0-----------00 -----------+ $-----------800-----------,00-----------0 +----------- $1-----------00,-----------000----------- = ----------- -----------
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