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27 Mackenzie Company sold $520 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 1.0% fee for sales
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Mackenzie Company sold $520 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 1.0% fee for sales on its credit cards. The journal entry to record this sale transaction would be: Multiple Choice Debit Cash of $520 and credit Sales $520. O Debit Cash of $520 and credit Sales $520. Debit Cash of $520 and credit Accounts Receivable $520 O Debit Accounts Receivable $520 and credit Sales $520. Debit Cash $514.80; debit Credit Card Expense $5.20 and credit Sales $520. Debit Cash $514.80 and credit Sales $514.80 Step by Step Solution
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