Journalize all entries. March 1. Recorded Continental Express credit card sales of $135,000?, net of processor fee of 3?%. Ignore Cost of Goods Sold. March 15. Recorded GoldCard credit card sales of $84,000. Processor charges a 3.5?% fee. GoldCard charges the fee at the end of the? month, therefore Fast Cat uses the gross method for these credit card sales. Ignore Cost of Goods Sold. March 31 GoldCard collected the fees for the month of March. Assume the March 15 transaction is the only GoldCard credit card sale.
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