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RunCorp accepts all major bank credit cards, including Smith Savings Bank's, which assesses a 2.5%...

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Accounting

RunCorp accepts all major bank credit cards, including Smith Savings Bank's, which assesses a 2.5% charge on sales for using its card. On May 26, RunCorp had $4,800 in Smith Savings Bank Card credit sales. Prepare the journal entry RunCorp should make on May 26 to record the deposit.

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