On may 10 sunland company sold merchandise for 16000, Accounting Basics

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On may 10 sunland company sold merchandise for 16000

Problem

On May 10, Sunland Company sold merchandise for $16,000 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 3.7% service charge for credit card sales. Prepare the entry on Sunland Company's books to record the sale of merchandise.

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Accounting Basics: On may 10 sunland company sold merchandise for 16000

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Accounting Basics: On may 10 sunland company sold merchandise for 16000

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