Ruth Annes Fabrics accepts cash, personal checks, and two credit cards when customers buy merchandise.
With the Great American Bank Card, Ruth Annes Fabrics receives an immediate deposit in its checking
account for credit card sales. The bank charges a fee. With the United Merchants Card, Ruth Anne's
Fabrics receives a deposit after days, net of a fee.
Use the Transaction Analysis Template to record the following:
a Sales for March were as follows:
Cash and checks $
Great American Bank Card
United Merchants Card
$
If the transaction affects the same Balance Sheet category, enter the larger amount in the first row and the smaller amount directly below in the second row
Balance Sheet Income Statement
Stockholders'
Assets Liabilities Equity Revenues Expenses Net Income
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