July 3: Sold $ 8 comma 000 of merchandise to Backley Crystals, which paid by credit card. The credit card company charges Silverlining a fee of 2% on credit card sales. The cost of goods sold will be journalized in the next step. (Record debits first, then

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Journal Entry for July 3 Dr Accounts Receivable 8000 Cr Sales Revenue ... View the full answer