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Imports to You Co. accepted a credit card in payment of a $700 purchase of merchandise on August 7. For each of the following

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Imports to You Co. accepted a credit card in payment of a $700 purchase of merchandise on August 7. For each of the following assumptions, prepare the journal entry to record the sale. The customer used a nonbank card and the company charges a 4% fee. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Aug. 7 Debit Credit

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