Solved

On March 4th, Micro Sales Makes $4,850

Question 174

Essay

On March 4th, Micro Sales makes $4,850.00 in sales on bank credit cards that charge a 2.5% service charge and deposit the funds into Micro Sales bank accounts at the end of the business day. Journalize the sales and recognition of expense.

Correct Answer:

verifed

Verified

blured image The sales can be debited to cash since ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents