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Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its card. On May 26, Brinker had $6,200 in First Savings Bank Card credit sales.
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Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its card. On May 26, Brinker had $6,200 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit

User Rohit Bagjani
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7 votes

Answer:

Date Account titles and explanation Debit Credit

May 20 Cash ($6,200 - $310) $5,890

Credit card expenses ($6,200*5%) $310

Sales $6,200

(To record the deposit)

User Brigadir
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