Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pls need the correct answer Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4% charge on sales for using

Pls need the correct answer

image text in transcribed

Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4% charge on sales for using its card. On May 26, Brinker had $6,300 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit? Multiple Choice Debit Cash $6,300; credit Sales $6,300. Debit Cash $6,048; debit Credit Card Expense $252; credit Sales $6,300, Debit Accounts Receivable $6,048; debit Credit Card Expense $252; credit Sales $6,300. Debit Cash $6,552: credit Credit Card Expense $252; credit Sales $6,300. o Debit Accounts Receivable $6,300; credit Sales $6,300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

2nd Edition

1118443969, 978-1118443965

More Books

Students also viewed these Accounting questions

Question

Discuss the scope of Human Resource Management

Answered: 1 week ago

Question

Discuss the different types of leadership

Answered: 1 week ago

Question

Write a note on Organisation manuals

Answered: 1 week ago

Question

Define Scientific Management

Answered: 1 week ago

Question

Explain budgetary Control

Answered: 1 week ago

Question

What styles do they use?

Answered: 1 week ago

Question

create a semiotic sign system to communicate an idea.

Answered: 1 week ago

Question

apply research strategies to writing.

Answered: 1 week ago