On September 14, Rogers Company sold inventory for $1,400, and the buyer used a credit card to pay for the purchase. The credit card company
On September 14, Rogers Company sold inventory for $1,400, and the buyer used a credit card to pay for the purchase. The credit card company charges 1% for the service, and this transaction is considered a credit sale. Required: Journalize the entry to record the sale. Note: No entry is required to record cost of goods sold.
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Authors: Nicholas Apostolides
1st Edition
0815351224, 978-0815351221
