On May 10 Monee Company sold merchandise for ($ 3,000) and accepted the customer's First Business Bank
Question:
On May 10 Monee Company sold merchandise for \(\$ 3,000\) 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 \(4 \%\) service charge for credit card sales.
\section*{Instructions}
Prepare the entry on Monee Company's books to record the sale of merchandise.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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