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opters Mackenzie Company sold $660 of merchandise to a customer who used a Regional Bank credit card, Regional Bank deducts a 2.5% service charge for
opters Mackenzie Company sold $660 of merchandise to a customer who used a Regional Bank credit card, Regional Bank deducts a 2.5% service charge for sales on its credit cards and credits Mackenzie's account immediately when sales are made. The Journal entry to record this sale transaction would be: Multiple Choice Debit Accounts Receivable $660 and credit Sales $660 Debit Cash of $660 and credit Accounts Receivable $660. Debit Cash $643.50; debit Credit Card Expense $16.50 and credit Sales $660 Debit Cash of $660 and credit Sales $660 Debit Cash $643.50 and credit Sales $643.50
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