restaurants do a large volume of business by credit and debit cards suppose chocolate passion restaurant had these transactions on january 28 2015/

/in /by

Requirements
1. Suppose Chocolate Passion’s processor charges a 3% fee and deposits sales net of the fee. Journalize these sale transactions for the restaurant.
2. Suppose Chocolate Passion’s processor charges a 3% fee and deposits sales using the gross method. Journalize these sale transactions for the restaurant.