Answer

14 of 18 Noor Co. accepted $180,000 of JIB Visa credit card for merchandise sold on June 1. JIB charges 4% for its credit card use. The entry to record this transaction by Noor Co. Will include a credit to Sales Revenue of $180,000 and a debit(s) to: Cash $172,800 and Service Charge Expense $7 200 O Accounts Receivable $172,800 and Service Charge Expense $7.200. Cash $172,800 and Interest Expense $7.200. O Accounts Receivable $180.000