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Phoenix [80]
3 years ago
6

Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its c

ard. On May 26, Brinker had $6,200 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit
Business
1 answer:
ZanzabumX [31]3 years ago
3 0

Answer:

Date      Account titles and explanation              Debit      Credit

May 20  Cash ($6,200 - $310)                              $5,890

              Credit card expenses ($6,200*5%)       $310

                    Sales                                                                    $6,200

               (To record the deposit)

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