Home / Expert Answers / Accounting / on-may-10-blossom-company-sold-merchandise-for-4-500-and-accepted-the-customer-39-s-best-business-ba-pa690

(Solved): On May 10, Blossom Company sold merchandise for $4,500 and accepted the customer's Best Business Ba ...






student submitted image, transcription available below
On May 10, Blossom Company sold merchandise for 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 service charge for credit card sales. Prepare the entry on Blossom Company's books to record the sale of merchandise. (Omit cost of goods sold entries.) (List all deblt entries before credit entries. Credit account titles are automatically indented when omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.)


We have an Answer from Expert

View Expert Answer

Expert Answer



   Answer
Journal entry is the first stage of the accounting process.
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe