Prepare journal entries to record the following selected credit card transactions of Hue Company. (Round your answers to the nearest dollar amount. Omit the “$” sign in your response.)
Sold merchandise for $8,300 (that had cost $6,134) and accepted the customer’s Omni Bank Card. The Omni receipts are immediately deposited in Hue’s bank account.
Sold merchandise for $7,600 (that had cost $4,925) and accepted the customer’s Continental Card. Transferred $7,600 of credit card receipts to Continental, requesting payment.
Received Continental’s check for the April 12 billing, less the service charge.
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