Judys College Shirts sells sweatshirts with imprinted college logos in Honey Creek Mall. At the end of
Question:
Judy’s College Shirts sells sweatshirts with imprinted college logos in Honey Creek Mall. At the end of a recent day, Judy’s cash register included credit card documents for the following sales amounts:
MasterCard .........$493.56
Visa ........... 371.93
The merchant’s charges are 2.3 percent for MasterCard and 2.8 percent for Visa. Judy’s also had cash sales of $2,390.41 and $1,300.50 of sales on credit to Rampdan Services, a local business.
Required:
Prepare a journal entry to record these sales.
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Cash 323414 Accounts Receivable 130050 Service Char...View the full answer
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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