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alexandr1967 [171]
3 years ago
13

MacKenzie Company sold $620 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 5.0% serv

ice charge for sales on its credit cards. MacKenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record this sale transaction would be:
Business
1 answer:
amid [387]3 years ago
4 0

Answer:

DR Cash $589  

DR Credit Card expense $31

CR Sales  $620

<em>(To record sales via credit card)</em>

<u>Working</u>

Cash

= 620 * ( 1 - 5%)

= $589

Credit Card Expense

= 620 * 5%

= $31

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<h3>What is a cybercrime?</h3>

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2 years ago
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An effective team would never have Unclear definitions of goals.

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4 0
2 years ago
Which of these investments may pay dividends?
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5 0
3 years ago
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3 years ago
The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) a
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Answer:

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