Kimmel, Financial Accounting, 8e• Help I System AnnouncementsExercise 8-Your answer is partially correct. Try again.On May 10, Whispering Winds Corp. sold merchandise for $24,000 and accepted the custormer's Best Business Bank MasterCard.MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 4% service charge for credit cPrepare the entry on Whispering Winds Corp.'s books to record the sale of merchandise. (Credit account titles are automatic-not indent manually.)Date Account Titles and ExplanationDebitCreditMay 10 Accounts Receivable24000Service Charge Expense960Cash24960Click if you would like to Show Work for this question:Open Show WorkSHOW LIST OF ACCOUNTSLINK TO TEXT

Solution Bank a/c Dr. 23049 Service charge exp. Dr 960…

Exercise 8-8 Your answer is partially correct. Try again. On May 10, Whispering Winds Corp. sold merchandise for $24,000 and accepted the customer's Best Business Bank MasterCa MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 4% service charge for cre Prepare the entry on Whispering Winds Corp.'s books to record the sale of merchandise. (Credit account titles are automa not indent manually.) Date Account Titles and Explanation Debit Credit May 10 Accounts Receivable 24000 Service Charge Expense 960 Cash 24960 Click if you would like to Show Work for this question: Open Show Work

Exercise 8-8 Your answer is partially correct. Try again. On May 10, Whispering Winds Corp. sold merchandise for $24,000 and accepted the customer's Best Business Bank MasterCa MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 4% service charge for cre Prepare the entry on Whispering Winds Corp.'s books to record the sale of merchandise. (Credit account titles are automa not indent manually.) Date Account Titles and Explanation Debit Credit May 10 Accounts Receivable 24000 Service Charge Expense 960 Cash 24960 Click if you would like to Show Work for this question: Open Show Work

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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