Kaseys Cake Shop made $20,000 in sales of wedding cakes in July. All of these sales were

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Kasey’s Cake Shop made $20,000 in sales of wedding cakes in July. All of these sales were on bank credit cards.
The credit card company charges a 3.5% collection fee. Prepare Kasey’s journal entry to record the credit card sales.

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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Question Posted: Dec 09, 2013 08:48 AM

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Kaseys Cake Shop made $20,000 in sales of wedding cakes in July. All of these sales were

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