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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Restaurants do a large volume of business by credit and debit cards. Suppose Chocolate Passion restaurant had these transactions on January 28, 2012:
National Express credit-card sales . . . . . . .$ 9,300
ValueCard debit-card sales . . . . . . . . . . . 9,000
Suppose Chocolate Passion’s processor charges a 3% fee and deposits sales net of the fee.
Requirement
1. Journalize these sale transactions for the restaurant.
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