On May 10 Ritz Company sold merchandise for $6,000 and accepted the customers First Business Bank MasterCard.

Question:

On May 10 Ritz Company sold merchandise for $6,000 and accepted the customer’s First Business Bank MasterCard. At the end of the day, the First Business Bank MasterCard receipts were deposited in the company’s bank account. First Business Bank charges a 3.5% service charge for credit card sales.

Instructions
Prepare the entry on Ritz Company’s books to record the sale of merchandise.