Target Allows Customers to Use MasterCard

question 119

Multiple Choice

Target allows customers to use MasterCard. They report sales of $24,000 for the week. MasterCard charges Target a 3% fee. The journal entry for this transaction would be:

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Definitions:

Thread Pitch

The distance between threads on a screw or bolt, indicating the tightness or coarseness of the thread.

Bolt Size

The specification of a bolt, including diameter, length, and thread pattern, crucial for ensuring compatibility and strength in connections.

Diameter

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere.

12-Point Socket

A tool attachment featuring a twelve-pointed, star-shaped opening designed to fit and turn fasteners with various head shapes.