Multiple Choice Question 192 Bam | Retailers accepte S54000 of Citibank Isa cre

Question

Multiple Choice Question 192 Bam | Retailers accepte S54000 of Citibank Isa cre t card charges or merchandise sold on uly 1 Ctibank charges 6% for its credit card use. The entry to record this transaction by B am Retailers will include a credit to Sales Revenue of $64000 and a debit(s) to Accounts Receivable $60160 and Service Charge Expense $3840. O Cash $60160 and Interest Expense $3840 Accounts Receivable $64000 O Cash $60160 and Service Charge Expense $3840. Question Attempts: 0 of 1 used SAVE FOR IATER SUBMET ANS

Explanation / Answer

a) Journal entry :

so answer is d)

2) Journal entry :

so answer is c)

Date accounts & explanation debit credit Cash 60160 Service charge expense 3840 Sales revenue 64000

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