On July 4, Blossom's Restaurant accepts a Visa card for a $150 dinner bill. Visa charges a 2% service fee. Prepare the entry on Blossom's books related to the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On July 4, Blossom's Restaurant accepts a Visa card for a $150 dinner bill. Visa charges a 2% service fee. Prepare the entry on Blossom's ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
4. What accounting assumption, principle, or constraint would use in each of the situations below? A. records expenses when incurred, rather than when cash is paid. B. was involved in litigation over the last year.
Answers (1)
What is the definition of nursery operation
Answers (1)
X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming the perpetual inventory system is used.
Answers (1)
Building Restoration, Inc. (BRI), enters into a contract to refurbish an old train depot for Casual Dining, Inc., which plans to open Eat Up Restaurant in that location.
Answers (2)
According to the Ansoff Growth Matrix, the strategic option of A.) Market Penetration. B.) Product Development. C.) Diversification. is the riskiest for a business to pursue. A business would use a A.) Horizontal Diversification. B.
Answers (1)
New Questions in Business
High value-added per employee is associated with: a. capital intensive industries. b. labor intensive industries. c. the shoe industry in 1860. d. the use of unskilled labor.
Answers (1)
How were the earliest benefits of the industrial revolution distributed between Factory owners and workers?
Answers (1)
Ben and Sam Jenkins formed a partnership. Ben contributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. The truck's fair value was $16,000. Sam, a builder, contributed a new storage garage.
Answers (1)
Select all that apply. A primary incentive for entrepreneurs is 1: Profit 2: A skill and happy workforce 3: Notoriety 4: Seeing an idea come into being 5: Paying taxes
Answers (1)
Joyce finds that the members of the project team to which she has been promoted are all middle-aged men. joyce wonders if she, a young new graduate from a local university, will be taken seriously. joyce is likely to be reacting to a
Answers (1)