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  3. on may 10, sandhill company sold merchandise for $

On May 10, Sandhill Company sold merchandise for $6,500 and accepted the customer's Best Business...

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Accounting

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On May 10, Sandhill Company sold merchandise for $6,500 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 Bankcharges a 3.8% service charge for credit card sales. Prepare the entry on Sandhill Company's books to record the sale of merchandise. (Omit cost of goods sold entries.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

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