Question: this is my homework, please help :) Archer allows customers to use bank credit cards to charge purchases. The bank used by Archer processes all

this is my homework, please help :)

Archer allows customers to use bank credit cards to charge purchases. The bank used by Archer processes all bank credit cards in exchange for a 3% processing fee. All credit card receipts deposited are credited to the company account on the day of deposit. Assume that on August 10, Archer sold and deposited $5,200 worth of bank credit card receipts. The cost of sales is $2,800. Record this transaction in the general journal. When finished upload your general journal to this problem. Upload Choose a File

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