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18. The College Store accepts MasterCard for payments of purchases made by students. MasterCard charges a 1.55% collection fee. Credit card sales totaling $10,000 are
18. The College Store accepts MasterCard for payments of purchases made by students. MasterCard charges a 1.55% collection fee. Credit card sales totaling $10,000 are made during August. Recording the sales and deposits will result in an increase in a. Cash of $10,000 b. Sales Revenue of $ 9,845 c. Accounts Receivable of $9,845 d. Credit Card Fee (or Service Charge) Expense of $155
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