Question
A customer pays for legal services for $2,300 using her bank debit card. The service fee the bank charges the retailer is $1.50 per transaction.
A customer pays for legal services for $2,300 using her bank debit card. The service fee the bank charges the retailer is $1.50 per transaction. The entry made to record the transaction by the retailer is:
Select one:
a.
debit Cash, $2,300; credit Service Revenue, $2,300
b.
debit Cash, $2,298.50; credit Service Revenue, $2,298.50
c.
debit Cash, $2,298.50, debit Bank Card Expense, $1.50; credit Service Revenue, $2,300
d.
debit Accounts Receivable, $2,298.50; debit Bank Card Expense, $1.50; credit Service Revenue, $2,300
e.
debit Cash, $2,300; credit Service Revenue, $2,298.50; credit Bank Card payable, $1.50
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