Roses Company uses a cash receipts journal. The company charges sales tax, makes bank credit card sales, and offers no cash discounts. On May 30, the company recorded bank credit card sales for the month of $35,000 plus sales tax of $2,275. Bank credit card expenses on these sales are $800. How would this transaction be recorded in the cash receipts journal of Roses Company?

Answer rating: 100% (QA)

In the cash receipts journal of Roses Company the transaction for bank credit card sales wou... View the full answer