Solved: On 12142016 willies groceries makes total credit card sales, Accounting Basics

+44 141 628 6080
[email protected]

On 12142016 willies groceries makes total credit card sales

Question - On 12/14/2016, Willies' Groceries makes total credit card sales for $1400 with a finance company-issued credit card and a fee of 2%.

The statement of creditors was sent to the bank on 12/15/2016 and the account of Willies' Groceries was credited seven (7) days later, by the finance company. Prepare the journal to record the sale and the receipt of the sale amount.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: On 12142016 willies groceries makes total credit card sales

Reference No:- TGS02405234

Now Priced at $25 (50% Discount)

Recommended (92%)

Rated (4.4/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What combinations results does not result in same amount

Which of the following combinations results does not result in the same amount of net income reported on the income statement?

Expense and liability in the financial statements

ACY operates in the tax jurisdiction of A-land where the currency is the A$. The current year's accounting profit is A$970,000 and the current year's

What clauses should always feature in a trade receivables

Question: Which two of the following clauses should always feature in a trade receivables policy?

What is the desired profit per suit

What is the desired profit per suit? Select answer from the options below $65 $40 $60 $55

Find mikes modified adjusted gross income

Interview Notes . Mike Cooper is 26 years old and single. He provides all of his own support. . Mike works at a grocery store and earned $15,250

Which items that are withheld from an employee paycheck

Which items that are withheld from an employee's paycheck does a company have an obligation to send to the appropriate tax agency?

What payroll tax liabilities include

Payroll tax liabilities include: Multiple Choice Federal and state income taxes withheld, FICA, and sales taxes withheld.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: On 12142016 willies groceries makes total credit card sales

Reference No:- TGS02405234

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : If you invest the money in a stock with a beta of 070 what

Q : Interpreting exchange rate quotations today you notice the

Q : Prepare the journal to record both the initial purchase of

Q : Interest rates why do interest rates vary among countries

Q : On 12142016 willies groceries makes total credit card sales

Q : International financial markets walmart has established two

Q : The fiscal year ended on 6302015 prepare the journal to

Q : Mr heffernan has an outstanding credit card payment of

Q : Effects of september 11 why do you think the terrorist