On May 10, Keene Company sold merchandise for $4,000 and accepted the customer's Best Business Bank MasterCard.

Question:

On May 10, Keene Company sold merchandise for $4,000 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 3.8% service charge for credit card sales.
Instructions
Prepare the entry on Keene Company's books to record the sale of merchandise.
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Related Book For  answer-question

Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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