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Last updated: 4/10/2023

i Click the icon to view the transaction information Journalize all entries required for Quick Running Shoes Re May 15 2024 Recorded Explorer credit card sales of 92 0 credit card sales Ignore Cost of Goods Sold Date Accounts and Explanation 2024 May 15 More info 2024 May 1 Recorded Credit Express credit card sales of 145 000 net of processor fee of 3 Ignore Cost of Goods Sold May 15 Recorded Explorer credit card sales of 92 000 Processor charges a 2 5 fee Explorer charges the fee at the end of the month therefore Quick uses the gross method for these credit card sales Ignore Cost of Goods Sold Explorer collected the fees for the month of May Assume the May 15 transaction is the only Explorer credit card sale May 31 Print Credit Done May 31 2024 Explorer collected the fees for the month of May Assume the May 15 transaction is the only Explorer credit card sale Date Accounts and Explanation Debit 2024 May 31