Question
RunCorp accepts all major bank credit cards, including Smith Savings Bank's, which assesses a 2.5% charge on sales for using its card. On May 26,
RunCorp accepts all major bank credit cards, including Smith Savings Bank's, which assesses a 2.5% charge on sales for using its card. On May 26, RunCorp had $4,800 in Smith Savings Bank Card credit sales. Prepare the journal entry RunCorp should make on May 26 to record the deposit.
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
