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40 Mackenzie Company said $350 of merchandise to a customer who used a Regional Bank credit card Regional Bank decocts 4,0% service charge for sales
40 Mackenzie Company said $350 of merchandise to a customer who used a Regional Bank credit card Regional Bank decocts 4,0% service charge for sales on its credit cards Mackenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately The journal entry to record this sale transaction would be Multe Choice Debat Cash of $300 and credit Accounts Receive Regional $380 Debit Cash 5.240 debit Credit Card Expense $15.20 and Co Sales 5380 2 Quiz Debit Cash of $380 and credit as $380. Debit Cash $364 30 and credit Sales $364 80 Debit Accounts Receivable-Regional $364.80 debit Credit Card Expense 515.20 and credit Sales 5380 COM
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