account the Cash account No journal entry is needed because this change ontly in

Question

account the Cash account No journal entry is needed because this change ontly involves ca O Debit the Cash account and credit the Pety Cash acunt for $35 DQuestion 10 2 pts Under the net method of handling credit and debit card payments, the O net amount of he ale'scredie othe Reveresccont on be a O credit to the sales revenue is selig price less he ransaction fee Oprocessing feeis debited to the Credit Card Expense account on the date of sl business writes a check to the third party processor fr the procssig fe 2pts D Question 11 5705 for $507 but was A check was written by a business be included on the bank recon ypuld this errorbe

Explanation / Answer

The correct answer for Question 10

Processing fees is debited to the credit card expense account on or after the date of sale

The correct answer for Question 11

An addition to book side

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