I'm currently working on a journal entry. It states, "Recorded cash boutique sales for Jan...
90.2K
Verified Solution
Link Copied!
Question
Accounting
I'm currently working on a journal entry. It states, "Recorded cash boutique sales for Jan 1-15. Cost of sales, $4,025.
Visa Credit Card Sales, $5000
Master Card Sales $3,500
Cash $1,000
How would I put this information in a journal entry? My chart of accounts has cost of sales if the visa and MasterCard were to go under that category? The Chart of accounts also states sales under the revenue category.
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: Zin AI - Your personal assistant for all your inquiries!
