1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zmey [24]
3 years ago
15

MacKenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% servic

e 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:
aksik [14]3 years ago
8 0

Answer:

DR Cash................................................ $172.8 0

DR Credit card expense.......................$7.2 0

CR Sales.................................................................... $180

Explanation:

The bank will deduct a service charge of 4% before remitting the money so;

Cash = 180 * ( 1 - 0.04)

= $172.80

Credit Card expense

= 180 - 172.80

= $7.20

You might be interested in
Choose the word that best completes this sentence. ________ exist in the ground, air, and bodies of most living things but do no
exis [7]
It seems that you have missed the necessary options for us to answer this question, but anyway here is the answer. BACTERIA <span>exist in the ground, air, and bodies of most living things but do not need a host organism to live and multiply. Hope this answers your question.</span>
4 0
2 years ago
Stretch goals" can be described as
inn [45]
You can describe stretch goals as goals placed above the ones you need or strive to achieve, as a secondary objective. Think of achieving a stretch goal as doing even better than expected.
4 0
2 years ago
If japanese cars surge in popularity in the united states, this event most likely will cause the japanese yen to ___________ and
tatuchka [14]
<span>If japanese cars surge in popularity in the united states, this event most likely will cause the japanese yen to Appreciate </span><span>and the u.s. dollar to Depreciate.
If japanese cars become more popular in united states, Japn will have a surplus of export-import scale towards united states.
This will cause Japanese yen to gain more strength toward United States dollar and cause the appreciation.</span>
3 0
2 years ago
A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While th
RSB [31]

Answer:

Annual Financial advantage $ 550

Explanation:

<u>Computation of income/loss on special order</u>

Unit product costs

Normal product costs                                                                $ 19.20

Incremental variable costs  $ 1.30 per unit                               <u>$  1.30</u>

Total product costs                                                                     $ 20.50

Revenues per unit                                                                       <u>$ 26.00</u>

Profit per unit                                                                               $   5.50

Sales Units                                                                                    2,100 units

Total incremental profit on order                                               $ 11,550

Less; cost of moulds                                                                    <u>$ 11,000</u>

Incremental profit on S 47 order                                                 $    550                                                  

3 0
3 years ago
Read 2 more answers
Who of the following is not included in the Bureau of Labor Statistics' "employed" category?
kozerog [31]

Answer:

c. those waiting to be recalled to a job from which they had been laid off

Explanation:

Employment need not mean to be employed under a citizen it basically means to be working and earning, whether under permanent contract or under temporary contract.

Being on vacation do not mean to be unemployed it basically means to be on temporary leaves, and that the leaves might or might not be paid.

Involving one self into family business is also employed.

But a person who is removed from job and then is waiting for a call is clearly unemployed.

7 0
3 years ago
Other questions:
  • You find a certain stock that had returns of 17 percent, -24 percent, 25 percent, and 8 percent for four of the last five years.
    8·1 answer
  • Which of the following statement is false?
    9·2 answers
  • Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for e
    12·1 answer
  • First Community Bank spent a considerable amount of money updating its lobby with plush sofas, a large-screen television, and a
    15·2 answers
  • Select the most appropriate answer about bringing components from other continents.
    12·1 answer
  • Debt Management Ratios You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), bot
    8·1 answer
  • In 1978 corporate CEOs in the USA earned, on average, 35 times more than the average worker. Today, the earn ___ times more than
    5·1 answer
  • Last year, Rec Room Sports reported earnings per share of $9.10 when its stock price was $282.10. This year, its earnings increa
    14·1 answer
  • Damien Carranza is a nonexempt employee of Verdant Enterprises where he is a salesperson, earning a base annual salary of $31,75
    14·1 answer
  • If $25,000 of fixed costs will be eliminated by discontinuing the Sporty line, how will operating income be affected
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!