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FDA Company accepts all major bank credit cards, including Mastercard, which assesses a 3% charge on sales for using its card. On May 26, FDA
FDA Company accepts all major bank credit cards, including Mastercard, which assesses a 3% charge on sales for using its card. On May 26, FDA Company had $5,700 in Mastercard credit card sales. What entry should FDA Company make on May 26 to record these credit card sales? (Omit the portion of the entry that records cost of goods sold). Multiple Choice 0 Debit Cash $5,529; debit Credit Card Expense $171; credit Sales $5,700. 0 Debit Accounts Receivable $5,700; credit Sales $5,700. 0 Debit Cash $5,871; credit Credit Card Expense $171; credit Sales $5,700. O Debit Accounts Receivable $5,529; debit Credit Card Expense $171; credit Sales $5,700. 0 Debit Cash $5,700; credit Sales $5,700
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