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Prepare the entry on rose companys

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Reference no: EM13512319

On May 10, Rose Company sold merchandise for $4,000 and accepted the customer"s First Business Bank MasterCard. At the end of the day, the First Business Bank MasterCard receipts were deposited in the company"s bank account. First Business Bank charges a 3.8% service charge for credit card sales.

Instructions

Prepare the entry on Rose Company"s books to record the sale of merchandise.

Reference no: EM13512319

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