Frank’s Tattoos and Body Piercing operates near campus. At the end of a recent day, Frank’s cash register included credit card documents for the following sales amounts:
MasterCard ........... $756
Visa .............. 486
The merchant’s charges are 1.8 percent for MasterCard and 2.1 percent for Visa. Frank’s also had cash sales of $375 and $800 of sales on credit to a local business.
Required:
Prepare a journal entry to record these sales.