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Prepare the journal to record the sale

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Question - On 12/14/2016, Willies' Groceries makes total credit card sales for $1400 with a finance company-issued credit card and a fee of 2%.

The statement of creditors was sent to the bank on 12/15/2016 and the account of Willies' Groceries was credited seven (7) days later, by the finance company. Prepare the journal to record the sale and the receipt of the sale amount.

Reference no: EM131609694

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