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Question 3- M05 Ch 07 Interac tive Presentations (i) Saved Required information...

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Accounting

Question 3- M05 Ch 07 Interac
tive Presentations
(i)
Saved
Required information
lowledge Check 01
essing Company has an agreement with a third-party credit card company, which calls fo posit of customers' credit card sales receipts. The credit card company receives 3.5 per ,000 in credit card sales on January 1.
epare the January 1 journal entry for Messing Company by selecting the account names ollar amounts in the debit or credit columns.
Journal entry worksheet
1
Messing Company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon deposit of customers' credit card sales receipts. The credit card company receives 3.5 percent of card sales as its fee. Messing has $4,000 in credit card sales on January 1.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[January 01],[,,,],[,,,],[,,,],[,,,],[,,,]]
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