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MacKenzie Company sold $800 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 2.0% fee for sales on
MacKenzie Company sold $800 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 2.0% fee for sales on its credit cards. The journal entry to record this sales transaction would be: Multiple Choice Debit Cash $784.00, debit Credit Card Expense $16.00 and credit Sales $800 Debit Cash of $800 and credit Accounts Receivable $800. Debit Accounts Receivable $800 and credit Sales $900 Debit Cash of $800 and credit Sales $800. Debit Cash $784.00 and credit Sales $784.00
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