Solved: On july 1 received payment in full from wine credit card, Accounting Basics

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On july 1 received payment in full from wine credit card

Question - On May 1 made Wine credit sales totaling $13,000. On Jun. 1 received a partial payment from Wine credit card customers of $6,000 and added 1%. On July 1 received payment in full from Wine credit card customers. Prepare journal entries to record the transactions entered into by Wine Company.

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Accounting Basics: On july 1 received payment in full from wine credit card

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