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Conner, Inc., a retailer, accepts payment through credit cards. During August, credit card sales amounted to $140,000. The processor charges a 3% fee. What is
Conner, Inc., a retailer, accepts payment through credit cards. During August, credit card sales amounted to $140,000. The processor charges a 3% fee. What is the correct journal entry or entries for credit card sales assuming the net method? 140,000 140,000 4200 4.200 140,000 4,200 135,800 O A. Cash Sales Revenue Credit Card Expenso Cash OBCash Credit Card Expense Sales Revenue OC. Cash Credit Card Expense Sales Revenue OD. Accounts Receivable Sales Revenue Credit Card Expense Cash 135,800 4,200 140,000 140,000 140,000 4,200 4,200
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