Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred.
| Jan. 15 | Made Colaw credit card sales totaling $18,000. (There were no balance prior to January 15.) |
| 20 | Made Visa credit card sales (service charge fee 2%) totaling $4,500. |
| Feb. 10 | Collected $10,000 on Colaw credit card sales |
| 15 | Added finance charges of 1.5% to Colaw credit card account balances. |
Instructions
Journalize the transactions for Colaw Stores
Solution
Colaw Stores
Journal Entries
Journal Entries
