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McKenzie company sold $280 of merchandise to a customer who used a regional bank credit card. Regional bank charges a 4.0% fee for sales on
McKenzie company sold $280 of merchandise to a customer who used a regional bank credit card. Regional bank charges a 4.0% fee for sales on its credit cards. The journal entry to record the sales transaction would be: (MULTIPLE CHOICE ANSWER)
Multiple Choice Debit Accounts Receivable-Regional $268.80, debit Credit Card Expense $1120 and credit Sales $280 Debit Cash of $280 and credit Accounts Receivable-Regional $280, Debit Cash $268.80 and credit Sales $268.80 Debit Cash $268 80; debit Credit Card Expense $11 20 and credit Sales $280. Debit Cash of $280 and credit Sales $280 Step by Step Solution
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