accounting 102 hw help

The Yankee Corporation has recently begun to accept credit cards. On July 7 Yankee made a credit card sale of $600 The credit card company charges a fee of 3% Which of the following answers correctly describes the effect of the collection of cash from the credit card company on the financial statements of Yankee Corporation? Balance Sheet Income Statement Liabilities Revenue Net Income Expense Stockholders Equity n/a Statement of Cash Flow 582 0 n/a n/a n/a A. n/a 552 OA 582 n/a 582 B Assets 582 (582) 582 582 (582) 5B2 n/a n/a n/a n/a n/a n/a n/a n/a n/a 582 OA n/a n/a D. 582 Multiple Choice Option O Option Option