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Business, 13.03.2020 21:54 christensenlandon15

Mackenzie Company sold $340 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 2.5% service charge for sales on Its credit cards and credits MacKenzIe's account Immediately when sales are made. The Journal entry to record this sale transaction would be. a. Debit Cash of $340 and credit Sales $340. b. Debit Cash of $340 and credit Accounts Receivable $340. c. Debit Accounts Receivable $340 and credit Sales $340. d. Debit Cash $331.5: debit Credit Card Expense $8.5 and credit Sales $340. e. Debit Cash $331.5 and credit Sales $331.5.

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Mackenzie Company sold $340 of merchandise to a customer who used a Regional Bank credit card. Regio...
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