Collabor 41) Under the net method of handling credit and debit card payments, the A) net amount of the sale is credited to the Sales Revenue account on the date of sald B) business writes a check to the third-party processor for the processing fee C) credit to the sales revenue is selling price less the transaction fee D) processing fee is debited to the Credit Card Expense account on the date of sale 42) A check was written by a business for $507 but was recorded in the journal as $705. How would this error be included on the bank reconciliation? A) an addition on the book side B) a deduction on the book side C) a deduction on the bank side D) an addition on the bank side 43) The bank recorded a $3,000 deposit as $300. How would this information be included on the bank reconciliation? A) an addition on the book side B) an addition on the bank side C) a deduction on the book side D) a deduction on the bank side 44) Which one of the following items requires an adjustment on the bank side of the bank reconciliation? A) interest eamed B) a note collected by the bank C) deposits in transit D) a bank service charge 45) A check for which a maker's bank account has inadequate money to pay the check is known as an) A) outstanding check B) canceled check C) restrictive check D ansufisient funds check