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In this assignment, we will learn that credit cards charge merchants fees for transactions. We will understand how to calculate fees and make corresponding journal entries. Download AC107 Unit 7 Merchant Fees Template [Excel Spreadsheet]Follow the instructions found in the templateRename your spreadsheet adding your last name to the file name (Ex. AC107 Unit 7 Assignment – Calculating Merchant Fees LastName)Submit your completed spreadsheetIn this assignment, we will learn how to prepare journal entries to write off an uncollectable account using the Direct Write off method. Download AC107 Unit 7 Direct Writeoff Template [Excel Spreadsheet]Follow the instructions found in the templateRename your spreadsheet adding your last name to the file name (Ex. AC107 Unit 7 Assignment – Direct Write Off Journal Entries LastName)Submit your completed spreadsheetIn this assignment, we will learn how to prepare journal entries to write off an uncollectable account using the Allowance method. Download AC107 Unit 7 Allowance Method Template [Excel Spreadsheet]Follow the instructions found in the templateRename your spreadsheet adding your last name to the file name (Ex. AC107 Unit 7 Assignment – Allowance Method Journal Entries LastName)Submit your completed spreadsheetIn this assignment, we will estimate the amount for the allowance account by analyzing and aging Accounts Receivable. Download AC107 Unit 7 Receivable Aging Template [Excel Spreadsheet]Follow the instructions found in the templateRename your spreadsheet adding your last name to the file name (Ex. AC107 Unit 7 Assignment – Prepare a Receivables Aging LastName)Submit your completed spreadsheet
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