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Shade Company accepts national credit cards for customer purchases. Journalize the entry for an $800 sale if the credit card company charges a service fee
Shade Company accepts national credit cards for customer purchases. Journalize the entry for an $800 sale if the credit card company charges a service fee of 4%. Select answer from the options below Illustration of the general journal format for a transaction to record a sale with a credit card payment transaction. The debit part of the transaction is recorded by displaying the account name, Cash, and the amount 768. The second part of the transaction is illustrated by displaying the credit account name, Sales Revenue, for the amount 768, slightly indented on the next line. Illustration of the general journal format for a transaction to record a sale with a credit card payment transaction. The debit part of the transaction is recorded by displaying the account name, Cash, and the amount 768. The second part of the transaction is illustrated by displaying the credit account name, Sales Discounts, for the amount 32, slightly indented on the next line. Directly under the first credit is the second credit line, which displays the credit account name, Sales Revenue, for the amount 800. Illustration of the general journal format for a transaction to record a sale with a credit card payment transaction
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