Restaurants do a large volume of business by customer credit cards and debit cards. Suppose MasterCard charges merchants 2 percent, the non-bank credit card companies charge 6 percent, and the debit ca
transactions incur a charge of 2.5 percent. Record these sale transactions for a Cranberri restaurant on May 12.
(Click the icon to view the transactions.)
Transactions
X
Begin by recording the MasterCard credit card sales. (Recor
tries. Round your answers to the nearest whole dollar.)
Journa
Date
May
12
Accounts
MasterCard credit card sales
Non-bank credit card sales
Debit card sales
$
17,500
3,400
5,600
Print
Done
Next, record the non-bank credit card sales. (Round your answers to the nearest whole dollar.)
Date
May
12
Journal Entry
Accounts
Debit
Credit
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