How do I journalize received $4523 from credit card after $115 was deducted [Archive]

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Stilzes

Apr 15, 2013, 07:08 AM

In a debit/credit entry journal, how would I enter this statement:

Received $5,325 from American Express Company after a $115 collection fee had been deducted.

Thank you

Stilzes

Apr 15, 2013, 07:10 AM

How do I record this statement in a debit/credit journal entry?
Received $4523 from American Express Company after $115 had been deducted deducted