Robin corporation accepted credit cards for 34200 of

Reference no: EM13598491

Robin Corporation accepted credit cards for $34,200 of services performed in October 2011. The credit card company charged a 3% service fee and paid Robin as soon as it received the credit card receipts.

a) Prepare the general journal entry to record performance of the services.

b) Prepare the general journal entry for collection of the receivable from the credit card company.

Reference no: EM13598491

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