CHAPTER 9—VALUING ACCOUNTS RECEIVABLE AND …

General Journal Page 1 Date Account Title P.R Debit Credit 20-- Mon. Day A/R—American Express ($300-$15) 285 Service Charge Expense (5% x $300) 15 Sales 300 (To record Am. Express credit card sales) Mon. Day Cash 285 A/R—American Express 285 (To record redemption of credit card billings) ................
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