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In this tutorial, we focus on Exercise 9-1, recording credit card sales on April 8th. We receive cash which needs to be recorded with a debit. We also need to record the credit card expense and sales amounts. To calculate the 368 amount, we subtract the four percent fee from credit card sales. It's important to remember to also record the cost of sales with a perpetual system. On April 12th, we need to record credit card sales with a 2.5 percent fee but without receiving cash.
