Business, 10.03.2020 20:27 SenpaiTaii
MacKenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% service charge for sales on its credit cards. MacKenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record this sale transaction would be:
a. Debit Cash of $180 and credit Sales $180.
b. Debit Cash of $180 and credit Accounts Receivable-Regional $180.
c. Debit Accounts Receivable-Regional S172.80; debit Credit Card Expense $7.20 and credit Sales $180.
d. Debit Cash $172.80; debit Credit Card Expense $7.20 and credit Sales $180.
e. Debit Cash $172.80 and credit Sales $172.80.
Answers: 2
Another question on Business
Business, 22.06.2019 20:00
Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.
Answers: 3
Business, 22.06.2019 22:20
David consumes two things: gasoline (q 1) and bread (q 2). david's utility function is u(q 1, q 2)equals70q 1 superscript 0.5 baseline q 2 superscript 0.5. let the price of gasoline be p 1, the price of bread be p 2, and income be y. derive david's demand curve for gasoline. david's demand for gasoline is q 1equals nothing. (properly format your expression using the tools in the palette. hover over tools to see keyboard shortcuts. e.g., a subscript can be created with the _ character.)
Answers: 1
You know the right answer?
MacKenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regio...
Questions
Mathematics, 23.02.2021 01:50
Mathematics, 23.02.2021 01:50
Mathematics, 23.02.2021 01:50
Physics, 23.02.2021 01:50
Mathematics, 23.02.2021 01:50
History, 23.02.2021 01:50
History, 23.02.2021 01:50
