46. Mike Company makes $1600 of sales to customers paying with VISA credit card. The VISA credit card company charges 5 percent of gross sales. Which of the following statements is true?

A. Mike will incur a $80 service charge expanse on the sales

B. Mike has an account payable of $1,520 to the credit card company

C Mike will record credit sales of $1,520 due to this transaction

D Mike will receive $ 1.600 in cash