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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
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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?

User Raggot
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1 Answer

6 votes

Answer:

Dr Visa card 194

Dr Bank charges 6

Cr Sales revenue 200

Step-by-step explanation:

Crane Company Journal entry

Dr Visa card 194

Dr Bank charges (200*3%) 6

Cr Sales revenue 200

User Ganjan
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5.7k points
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