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A customer makes a $2,500 purchase at Best Buy, paying with a credit card. Best Buy is charged a 2% fee by the credit card
A customer makes a $2,500 purchase at Best Buy, paying with a credit card. Best Buy is charged a 2% fee by the credit card company. When recording this sale, Best Buy would: Multiple Choice Credit Sales Revenue for $2,450. Debit Accounts Receivable for $2,500. Credit Deferred Revenue for $2,500. Credit Sales Revenue for $2,500. Gervais Inc. allows customers to pay with credit cards. The credit card company charges Gervais 2% of the sale. When a customer uses a credit card to pay Gervais $1,900 for services provided, Gervais would: Multiple Choice Credit service revenue for $1,862. Debit service fee expense for $38. Credit service revenue for $1,938. Debit cash for $1,900
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