Knife and Fork operates as a restaurant. Its customers can pay by cash, debit or credit card. For each debit transaction, John pays $ For credit cards, John pays of the total credit card transactions. On October John compiled the following summary for the work day.
tableTransaction Type,Total,Number of TransactionsCash$Debit Card,$Credit Card,$
Required
Do not enter dollar signs or commas in the input boxes.
Round all answers to decimal places.
a Calculate the total debitcredit card expense for October
Total DebitCredit Card Expense :
b Record the journal entry for the day's sales ignoring cost of goods sold.
