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MacKenzie Company sold S180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% service charge for tales
MacKenzie Company sold S180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% service charge for tales on its credit cards. Mackenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately The journal entry to record this sale transaction would be Multiple Choice Din Cath of 10 and creat Sales 5700 Debi Cash of $180 and credit Accounts Receivable-Regional $180 Deble Account Receivable-Rogonal $172.30. debit Crocht Cord Expense 5720 and credit sal $180 Debit Cash 5472.00, de Credit Cart sponse 5720 and credit nie smo Bet Cash or 1/2.30
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