Hue Company uses the perpetual inventory system and allows customers to use two credit cards in charging
Question:
Apr. 8 Sold merchandise for $5,600 (that had cost $4,138) and accepted the customer’s Omni Bank Card. The Omni receipts are immediately deposited in Hue’s bank account.
12 Sold merchandise for $6,000 (that had cost $4,400) and accepted the customer’s Continental Card. Transferred $6,000 of credit card receipts to Continental, requesting payment.
20 Received Continental’s check for the April 12 billing, less the service charge.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: