On March 4, Micro Sales makes $12,300 in sales on bank credit cards which charge a 1% service charge and deposits the funds into Micro Sales' bank accounts at the end of the business day. Journalize the sales and recognition of expense, assuming cash deposited should be reduced by the service charge. If an amount box does not require an entry, leave it blank or enter "0". Маг. 4

On March 4, Micro Sales makes $12,300 in sales on bank credit cards which charge a 1% service charge and deposits the funds into Micro Sales' bank accounts at the end of the business day. Journalize the sales and recognition of expense, assuming cash deposited should be reduced by the service charge. If an amount box does not require an entry, leave it blank or enter "0". Маг. 4

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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