On 2/1, Sophie Company sold merchandise totaling $3,000 plus 6 percent sales tax to Lexie Company who paid with an American Express credit card. American Express charges a 3 percent discount fee. Prepare a journal entry that Sophie Company will make on 2/1 to record the sale?

Answer rating: 100% (QA)

On 21 Sophie Company would make the following journal entry to re... View the full answer