Unformatted text preview: This card is not a bank card, and settlement does not occur until approximately two weeks following the date of the transaction. USExpress is known to charge a 4% fee, and this amount is recorded on the day of sale. Prepare journal entries for the credit card transactions. Be sure to include a separate entry for the eventual collection of the USExpress charges....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11