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8 years ago
A retailer has 5% credit/debit card service fees deducted from the business's bank account on a monthly basis. The retailer has $43,500 in sales for the month. The journal entry to record these sales would be to:
A) debit Sales for $43,500 and credit Cash for $43,500.
B) debit Cash for $43,500 and credit Sales for $43,500.
C) debit Cash for $41,325, debit Service Fee Expense for $2,175 and credit Sales for $43,500.
D) debit Cash for $43,500, credit Sales for $41,325 and credit Service Fee Expense for $2,175.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
8 years ago
Amazing, that's all I can say
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