the Casa Garage Co E8-3 Casa Garage Co. accepts the following forms of payment:

Question

the Casa Garage Co E8-3 Casa Garage Co. accepts the following forms of payment: Visa, MasterCard, card, and debit Casa is charged 3.5% for all bank credit card transactions. Casa ances owing on the Casa Garage Co. credit card, and $0.50 per transactio October and November 2017, the following summary transactions occurred charges 14.25% interest on bal n for all debit card transactions. In Oct. 15 Performed services totalling $15,000 for customers who used the Casa Garage Co.credit card for payment 20 Performed services totalling $7,500 to customers who used Visa credit cards.

Explanation / Answer

E 8 - 3:

In the books of Casa Garage Company:

Date Account Titles Debit Credit $ $ Oct 15 Accounts Receivable 12,862.50 Credit Card Expense 2,137.50 Service Revenue 15,000 Oct 20 Cash 7,237.50 Credit Card Expense 262.50 Service Revenue 7,500

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