Tom's Fit Inc

question 86

Essay

Tom's Fit Inc. a readymade garment seller accepts payment through credit cards. During the month of August, the card sales amounted to $12,000. The processor charges a 3% fee. Assume that the processor nets the deposits. Provide the journal entry for card sales revenue.

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Definitions:

Italian Class

A course focused on teaching the Italian language, including its grammar, vocabulary, and cultural aspects.

Mnemonic Devices

Tools or methods used to improve the ability to remember information, typically involving patterns, rhymes, or associations.

Mind Map

A visual diagram that represents concepts, words, tasks, or items linked to and arranged around a central concept or subject using a nonlinear graphical layout that allows the user to build an intuitive framework around a topic.

Lecture

A formal presentation or talk given to an audience or class, usually for educational purposes.