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Target Allows Customers to Use MasterCard

Question 147

Multiple Choice

Target allows customers to use MasterCard. They report sales of $24,000 for the week. MasterCard charges Target a 3% fee. The journal entry for this transaction would be:


A) Target allows customers to use MasterCard. They report sales of $24,000 for the week. MasterCard charges Target a 3% fee. The journal entry for this transaction would be: A) B) C) D) None of the above.
B) Target allows customers to use MasterCard. They report sales of $24,000 for the week. MasterCard charges Target a 3% fee. The journal entry for this transaction would be: A) B) C) D) None of the above.
C) Target allows customers to use MasterCard. They report sales of $24,000 for the week. MasterCard charges Target a 3% fee. The journal entry for this transaction would be: A) B) C) D) None of the above.
D) None of the above.

Correct Answer:

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