会计学Chapter06.pptVIP

Chapter 6 Reporting and Interpreting Sales Revenue,Receivables, and Cash Accounting for Sales Revenue Learning Objectives Reporting Net Sales Credit Card Sales Credit Card Sales When credit card sales are made, the company must pay the credit card company a fee for the service it provides. Credit Card Sales to Consumers On January 2, a Timberland factory store’s credit card sales were $3,000. The credit card company charges a 3% service fee. Prepare the Timberland journal entry. Sales on Account When companies allow customers to purchase merchandise on an open account, the cu