On 10 May New Mark Ltd sold inventory for $2400 and accepted the customers Business Bank MasterCard.
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On 10 May New Mark Ltd sold inventory for $2400 and accepted the customer’s Business Bank MasterCard. At the end of the day, the Business Bank MasterCard receipts were deposited in New Mark Ltd’s bank account. Business Bank charges a 1.5% service charge for credit card sales.
Required
Prepare the entry in New Mark Ltd’s records for the sale of goods.
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