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Fast Cat Running Shoes reports the following: (Click the icon to view the transaction information.) Journalize all entries required for Fast Cat Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Oct. 4, 2018: Recorded credit card sales of $120,000, net of processor fee of 2%. Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Credit Date 2018 Oct. 1 Cash Accounts and Explanation 117.600 Credt Card Expense Sales Revenue 2,400 120,000 Recorded credit card sales, net of fee. Oct. 15, 2018: Recorded Gold ard credit card sales of $92,000. Processor charges a 1.5% fee. Gold ard charges the fee at the end of the month, therefore Fast at uses the gross method for these credit card sales. Ignore Cost of Goods Sold. Credit Date 2018 Oct. 15 Accounts and Explanation Debit More Info 2018 Oct. 1 Recorded Continental Express credit card sales of $120,000, net of processor fee of 2%. Ignore Cost of Goods Sold. Recorded GoldCard credit card sales of $92,000. Processor charges a 1.5% fee. Goldcard charges the fee at the end of the month, therefore Fast Cat uses the gross method for these credit card sales. lgnore Cost of Goods Sold. Gold Card collected the fees for the month of October. Assume the October 15 transaction is the only GoldCard credit card sale 15 31 Print Done

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