On june 28 hankco had 3300 in omni card credit sales what


Question - Hankco accepts all major bank credit cards, including Omni Bank's, which assesses a 4% charge on sales for using its card.

On June 28, Hankco had $3,300 in Omni Card credit sales. What entry should Hankco make on June 28 to record the deposit?

Debit Cash $3,300; credit Sales $3,300.

Debit Cash $3,168; debit Credit Card Expense $132; credit Sales $3,300.

Debit Cash $3,432; credit Credit Card Expense $132; credit Sales $3,300.

Debit Accounts Receivable $3,300; credit Sales $3,300.

Debit Accounts Receivable $3,168; debit Credit Card Expense $132; credit Sales $3,300.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: On june 28 hankco had 3300 in omni card credit sales what
Reference No:- TGS02773963

Now Priced at $25 (50% Discount)

Recommended (91%)

Rated (4.3/5)