Question on may 10 wildhorse co sold merchandise for 25000, Ask an Expert

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Question: On May 10, Wildhorse Co. sold merchandise for $25,000 and accepted the customer's Best Business Bank MasterCard. At the end of the day, the Best Business Bank MasterCard receipts were deposited in the company's bank account. Best Business Bank charges a 3.7% service charge for credit card sales.

Prepare the entry on Wildhorse Co.'s books to record the sale of merchandise. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

May 10

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92570220

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