ACCOUNTING 560 Colaw Stores accepts both its own and national credit cards

| April 14, 2018

Exercise 8-9 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 $23,900. (There were no balances prior to January 15.) 20 Made Visa credit card sales (service charge fee 2%) totaling $4,600.Feb. 10 Collected $14,000 on Colaw credit card sales. 15 Added finance charges of 1% to Colaw credit card account balances.Journalize the transactions for Colaw Stores. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Date Account Title & ExplanationDebitCreditJan 15Jan 20Feb 10Feb 15

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