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Boone Company accepted credit-card payments of $6,000 for services rendered to its customers. The credit-card company charges Boone Company a 4% fee for handling the

Boone Company accepted credit-card payments of $6,000 for services rendered to its customers. The credit-card company charges Boone Company a 4% fee for handling the transactions. Which of the following is the correct journal entry to record these credit-card transactions?

Debit Credit
Accounts ReceivableCredit Card Co. 5,760
Service Revenue 5,760
Debit Credit
Cash 5,760
Service Revenue 5,760
Debit Credit
Accounts ReceivableCredit Card Co. 5,760
Credit Card Expense 240
Service Revenue 6,000
Debit Credit
Accounts ReceivableCredit Card Co. 6,000
Credit Card Expense 240
Service Revenue 5,760

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