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Card credit sales. What entry should Jervis make on June 28 to record the deposit? Multiple Choice Debit Cash $4, 200; credit Sales $4, 200 Deblt Accounts Recelvable $4,200; credit Sales $4,200 Deblt Cash $ 4,368.00; credit Credit Card Expense $168.00; credit Sales $4,200 Deblt Cash $4,032.00; debit Credit Card Expense $168.00; credit Sales $4,200

Card credit sales. What entry should Jervis make on June 28 to record the deposit? Multiple Choice Debit Cash $4, 200; credit Sales $4, 200 Deblt Accounts Recelvable $4,200; credit Sales $4,200 Deblt Cash $ 4,368.00; credit Credit Card Expense $168.00; credit Sales $4,200 Deblt Cash $4,032.00; debit Credit Card Expense $168.00; credit Sales $4,200

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Card credit sales. What entry should Jervis make on June 28 to record the deposit? Multiple Choice Debit Cash $4, 200; credit Sales $4, 200 Deblt Accounts Recelvable $4,200; credit Sales $4,200 Deblt Cash $ 4,368.00; credit Credit Card Expense $168.00; credit Sales $4,200 Deblt Cash $4,032.00; debit Credit Card Expense $168.00; credit Sales $4,200 Deblt Accounts Recelvable $4,032.00; deblt Credit Card Expense $168.00 ; credit Sales $4, 200 Jervis accepts all major bank credit cards, including those Issued by Northern Bank (NE), which assesses a 4.0% charge on sales for using its card. On June 28. Jervis had $4,200 in NB Card credit sales. What entry should Jonas make on June 28 to record the depost? Multiple Choice Debit Cash $4,200, cred Sales $4,200 Debit Accounts Receivein $4,200; credit S$4,200 Debit Cash $4.366.00: credit Credit Card Expenso $150.00: creditelor $4,200 Debit Cash $4.032.00: debt Credit Card Expanse $168.000 credit Sales $4,200 Debit Accounts Receivable $4.032.00: dabit Credit Card Expense $168.00: cradic Sales $4.200
Transcribed Image Text:Card credit sales. What entry should Jervis make on June 28 to record the deposit? Multiple Choice Debit Cash $4, 200; credit Sales $4, 200 Deblt Accounts Recelvable $4,200; credit Sales $4,200 Deblt Cash $ 4,368.00; credit Credit Card Expense $168.00; credit Sales $4,200 Deblt Cash $4,032.00; debit Credit Card Expense $168.00; credit Sales $4,200 Deblt Accounts Recelvable $4,032.00; deblt Credit Card Expense $168.00 ; credit Sales $4, 200 Jervis accepts all major bank credit cards, including those Issued by Northern Bank (NE), which assesses a 4.0% charge on sales for using its card. On June 28. Jervis had $4,200 in NB Card credit sales. What entry should Jonas make on June 28 to record the depost? Multiple Choice Debit Cash $4,200, cred Sales $4,200 Debit Accounts Receivein $4,200; credit S$4,200 Debit Cash $4.366.00: credit Credit Card Expenso $150.00: creditelor $4,200 Debit Cash $4.032.00: debt Credit Card Expanse $168.000 credit Sales $4,200 Debit Accounts Receivable $4.032.00: dabit Credit Card Expense $168.00: cradic Sales $4.200
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