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Bridgeport Retailers accepted $40500 of Silver Bank MasterCard credit card charges for merchandise sold on August 1. Silver Bank charges 6% for its credit card

Bridgeport Retailers accepted $40500 of Silver Bank MasterCard credit card charges for merchandise sold on August 1. Silver Bank charges 6% for its credit card use. The entry to record this transaction by Bridgeport Retailers will include a credit to Sales Revenue of $40500 and a debit(s) to O Cash for $40500. O Accounts Receivable for $40500. O Accounts receivable for $38070 and Service Charge Expense for $4350. O Cash for $38070 and Service Charge Expense for $2430

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