Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on jan 15 th, mariam co has $200 of credit card sa

On Jan 15 th, Mariam Co has $200 of credit card sales with a 5%...

90.2K

Verified Solution

Question

Accounting

image
On Jan 15 th, Mariam Co has $200 of credit card sales with a 5% fee, and its $190 cash is received immediately on deposit. The correct journal entry for recording the transaction is: A) Dr Cash $200Cr Sales $200 B) Dr Cash $190 Dr Credit card expense $10Cr Sales $200 C) Dr Sales $200Cr Cash $200 D) Dr Cash $200Cr Credit card expense $10Cr Sale $190

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Electrical Engineering
1.2K views

Optimal and near-optimal process scheduling and page replacement algorithms. a) What is the theoretically best process scheduling algorithm? b)...

General Management
1.2K views

1.Discuss global marketing and the potential of small firms as global enterprises. 2.Explain the challenges that global...

Finance
1.2K views

You are an industry analyst that specializes in an industry where the market inverse demand is...

Biology
1.2K views

10 What song does Wade blast from Leopardon 11 What is SD 03 and what...

Physics
1.2K views

5 Paragraph for Questions 5 and 6 The circuit consists of a capacitor connected in...

Statistics
1.2K views

collect 600 Complete parts a through e 597 Type an integer or a decimal Do...

Calculus
1.2K views

Find the difference quotient f x h f x h o h A f x...

Algebra
1.2K views

The graph of y e is transformed as shown in the graph below Which equation...

Accounting
1.2K views

242How would the XBRL style sheets be different for financial analysts as compared to the...

Accounting
1.2K views

RequiredTotal expected warranty costs for current period sales:$AnswerEnding warranty liability:$Answer

Accounting
1.2K views

Proof No. 4 Please prove in the same style as No. 3 ...

Accounting
1.2K views

\ Kingbird Industries Inc. started construction of a manufacturing facility for its own use...