Canvas - XCIO QUESTION 1. Simonic Retailers accepted $80,000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 4% for its credit card use. 2. A company sells $950,000 of accounts receivable to a factor for cash less a 2% service charge. Prepare the journal entry to record transaction 1 and transaction 2 B TVA.A.I.EE 3. XXE - 1 12pt - Paragraph