T 3 # 13

Neil Woodworking accepts credit cards at its store. Neir's credit card processor charges a fee of 3% of the total amount of any credit sale. Assume that Robert Knell purchases $7,000 of custom furniture and pays with a VISA card. Make the entry that Neil would make to record the sale to Knell. (You do not need to make the cost of goods sold entry in this exercise.) (Record debits first, then credits. Exclude explanations from any journal entries. Assume that since this is a custom order, no refunds or returns are allowed.)