What GLs would I debit and credit for Doing work and selling merchandise with pa

Question

What GLs would I debit and credit for
Doing work and selling merchandise with payment from a credit card with a fee of purchase
Also,
Returned an item and was issued a credit memo
What gls would I debit and credit
Please help! What GLs would I debit and credit for
Doing work and selling merchandise with payment from a credit card with a fee of purchase
Also,
Returned an item and was issued a credit memo
What gls would I debit and credit
Please help! What GLs would I debit and credit for
Doing work and selling merchandise with payment from a credit card with a fee of purchase
Also,
Returned an item and was issued a credit memo
What gls would I debit and credit
Please help!
Doing work and selling merchandise with payment from a credit card with a fee of purchase
Also,
Returned an item and was issued a credit memo
What gls would I debit and credit
Please help!

Explanation / Answer

When you sell something on a normal course of business, Sales account will be credited. The credit card fee will be charged by the bank, so you need not worry about it. Once the card is swiped, you get your payment, so Bank account will be debited.

In case of sales return in this case, the entry will be Sales return account debit and Bank account credit.

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