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Assume That the $5,509 Sales Made by Exotic Company for the Month

Question 38

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Assume that the $5,509 sales made by Exotic Company for the month ended December 31, 2010, were made to customers using credit cards. Prepare one entry in journal form to record these sales assuming that all of the credit card companies charge Exotic a 2 percent discount fee. (Omit date.) Round to the nearest whole dollar.
Assume that the $5,509 sales made by Exotic Company for the month ended December 31, 2010, were made to customers using credit cards. Prepare one entry in journal form to record these sales assuming that all of the credit card companies charge Exotic a 2 percent discount fee. (Omit date.) Round to the nearest whole dollar.

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