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Cuker Retailers accepted $70000 of Citibank Visa credit card charses for merchandise sold on fuly 1 credit card use. The entry to record this tramsaction
Cuker Retailers accepted $70000 of Citibank Visa credit card charses for merchandise sold on fuly 1 credit card use. The entry to record this tramsaction by Culver Retailers will include a credit to Sales Revepue of 570000 and a debit to (or debits to) Accounts Recelvable $66500 and Service Charge Expense $3500. Accounts Recelvable $70000. Cash $66500 and interest Expense $3500. Cash $66500 and Service Charge Expense $3500
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