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22-04-2020
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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Crane Company accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What entry should Crane make?

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abiolataiwo2015 abiolataiwo2015

27-04-2020

Answer:

Dr Visa card 194

Dr Bank charges 6

Cr Sales revenue 200

Explanation:

Crane Company Journal entry

Dr Visa card 194

Dr Bank charges (200*3%) 6

Cr Sales revenue 200

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