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Directions: Prepare Journal entries based on the following information: a). Sold $45,000 Merchandise on bank card, same day funding net of fee 1.5% assed by

Directions: Prepare Journal entries based on the following information:
a). Sold $45,000 Merchandise on "bank card", same day funding
net of fee 1.5% assed by bank
Date Account Debit Credit
June 15th
b) Sold $9,000 merchandise on "nonbank card" and
recorded a 6% fee
Date Account Debit Credit
15-Dec
c) Collected amount due of $8,460 from credit card company
Date Account Debit Credit
31-Dec

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