Business
Business, 17.12.2019 05:31, soccer816

Mackenzie company sold $640 of merchandise to a customer who used a regional bank credit card. regional bank deducts a 2.0% service charge for sales on its credit cards and credits mackenzie's account immediately when sales are made. the journal entry to record this sale transaction would be: a)debit cash of $640 and credit sales $640.b)debit cash of $640 and credit accounts receivable $640.c)debit accounts receivable $640 and credit sales $640.d)debit cash $627.20; debit credit card expense $12.80 and credit sales $640.e)debit cash $627.20 and credit sales $627.20.

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