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First business bank charges a 35 service charge for credit

Question - On May 10 Ritz Company sold merchandise for $6,000 and accepted the customer's First Business Bank MasterCard. At the end of the day, the First Business Bank MasterCard receipts were deposited in the company's bank account. First Business Bank charges a 3.5% service charge for credit card sales.

Prepare the entry on Ritz Company's books to record the sale of merchandise.

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Accounting Basics: First business bank charges a 35 service charge for credit

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Accounting Basics: First business bank charges a 35 service charge for credit

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