Question: Your answer is partially correct. On May 10, Blue Spruce Corp. sold merchandise for $6,800 and accepted the customer's Best Business Bank MasterCard. At the
Your answer is partially correct. On May 10, Blue Spruce Corp. sold merchandise for $6,800 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 4.00% service charge for credit card sales. Prepare the entry on Blue Spruce Corp's books to record the sale of merchandise. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation May 10 Cash Service Charp Expense Sales Revenue
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