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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.
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I am needing homework help on my Principles to Accounting 1, but don''t know how much you guys charge
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Do liabilities fall under debtors
I am unable to solve out this question. Can anyone suggest me how to solve this question.
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