Exercise 8-8

On May 10, Bonita Industries sold merchandise for $12,000 and accepted the customers Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the companys bank account. Best Business Bank charges a 3.7% service charge for credit card sales. Prepare the entry on Bonita Industries's books to record the sale of merchandise. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit May 10 enter an account title for the journal entry on May 10 enter a debit amount enter a credit amount enter an account title for the journal entry on May 10 enter a debit amount enter a credit amount enter an account title for the journal entry on May 10 enter a debit amount enter a credit amount