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essing Company has an agreement with a third$-$party credit card company, which calls fo posit of customers' credit card sales receipts. The credit card company receives $3\mathrm{.}5$ per $,000$ in credit card sales on January $1.$

epare the January $1$ journal entry for Messing Company by selecting the account names ollar amounts in the debit or credit columns.

Journal entry worksheet

$1$

Messing Company has an agreement with a third$-$party credit card company, which calls for cash to be received immediately upon deposit of customers' credit card sales receipts. The credit card company receives $3\mathrm{.}5$ percent of card sales as its fee. Messing has $$4,000$ in credit card sales on January $1.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01],[,,,],[,,,],[,,,],[,,,],[,,,]]$

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