(Answered) On may 10 rose company sold merchandise for 4000 and

Accounting

On May 10, Rose Company sold merchandise for $4,000 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 3.8% service charge for credit card sales.

Instructions

Prepare the entry on Rose Company"s books to record the sale of merchandise.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91049437
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