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I'm currently working on a journal entry. It states, Recorded cash boutique sales for Jan 1-15. Cost of sales, $4,025. Visa Credit Card Sales, $5000
I'm currently working on a journal entry. It states, "Recorded cash boutique sales for Jan 1-15. Cost of sales, $4,025.
Visa Credit Card Sales, $5000
Master Card Sales $3,500
Cash $1,000
How would I put this information in a journal entry? My chart of accounts has cost of sales if the visa and MasterCard were to go under that category? The Chart of accounts also states sales under the revenue category.
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