Question: record transaction in january sbux sells coffee totaling 300000 to...
In January, SBUX sells coffee totaling $300,000 to customers for cash. (IMPORTANT ASIDE: The customer might use a credit card to make the purchase. Credit companies charge 2-3% processing fee. SBUX would treat the credit card transaction the same as a cash purchase, except that the amount recorded would be the net cash flow, 97-98% of the selling price.)