Question
Brian Griffin purchases books from book worms co. for $1,000 using his royal bank financial group visa card . The service fee the bank charges
Brian Griffin purchases books from book worms co. for $1,000 using his royal bank financial group visa card . The service fee the bank charges book worms is 3% . the entry made to record the transaction by book worms is
a. Cash 1,000
sales 1,000
b. Cash 970
Credit card expense 30
sales 1,000
c. Cash 970
sales 970
d. Accounts receivable - VISA 970
credit card expense 30
Sales 1,000
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Accounting Information Systems
Authors: George H Bodnar, William S Hopwood
10th Edition
013609712X, 978-0136097129
