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Coronado Retailers accepted $71000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 3% for its credit card use. The
Coronado Retailers accepted $71000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 3% for its credit card use. The entry to record this transaction by Coronado Retailers will include a credit to Sales Revenue of $71000 and a debit(s) to O accounts Receivable $71000. O cash $68870 and Interest Expense $2130. O accounts Receivable $68870 and Service Garge Expense $2130 O cash $68870 and Service Charge Expense $2130
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