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A retailer, such as Nordstrom, would record the following entry if cash from a credit card sale has not yet been credited to its bank
A retailer, such as Nordstrom, would record the following entry if cash from a credit card sale has not yet been credited to its bank account: O it will debit 'cash,' deposits in transit, and credit 'unearned revenue." it will credit 'credit sales' and debit 'accounts receivable.' it will credit 'inventory' and debit 'unearned revenue. it will credit 'credit sales' and debit 'cash, deposits in transit
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