Question 2 On April 16, Cullumber Company made sales of $18,000 to customers using credit cards...
Question 2 On April 16, Cullumber Company made sales of $18,000 to customers using credit cards for payment. The credit card company charges Cullumber a service fee of 2.9% for credit card transactions. Prepare the entry to record the credit card sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit April 16
Homework Answers
Answer : Journal entry to record the credit card sales :
| Date | Account Titles and Explanation | Debit | Credit |
| April 16 | Credit Card Expenses | $522 | |
| Cash | $17,478 | ||
| Sales | $18,000 |
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Prepare the entry to record Kingbird’s credit sales.
(If no entry is required, select "No Entry" for the
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Attempts: 3 of 3 used
(b)
Your answer is partially correct. Try again.
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please help with this accounting question!
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subject to 7% sales tax. The corporation also made cash sales which
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(If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when amount is entered. Do not indent
manually.)
Account Titles and Explanation
Debit
Credit
Prepare the entry to record Kingbird’s...
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manually.)
Account Titles and Explanation
Debit
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Show List of Accounts
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Attempts: 3 of 3 used
(b)
Your answer is partially correct. Try again.
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