Preparing general journal entry

Dec 17th, 2014
SKTFaker
Category:
Accounting
Price: $5 USD

Question description

Robin Corporation accepted credit cards for $34,200 of services performed in October 2011.The credit card company charged a 3% service fee and paid Robin as soon as it received the credit card receipts. a) Prepare the general journal entry to record performance of the services.b) Prepare the general journal entry for collection of the receivable from the credit card company.


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(Top Tutor) Daniel C.
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