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HELPPP Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 3.0% charge on sales for using its

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Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 3.0% charge on sales for using its card, On June 28, Jervis had $5,000 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit? Multiple Choice Debit Cash $5,000; credit Sales $5,000 Debit Accounts Receivable $5,000; credit Sales $5,000 Deblt Cash $5.150.00; credit Credit Card Expense $150.00; credit Sales $5,000 Debit Cash \$4,850.00; debit Credit Card Expense $150.00; credit Sales $5,000 Debit Accounts Recelvable $4,850.00; debit Credit Card Expense $150.00; credit \$ales $5,000 Jervis sells $4,100 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 4% factoring fee. What entry should Jervis make to record the transaction? Multiple Choice Debit Cash \$3,936; debit Factoring Fee Expense \$164; credit Accounts Recelvable $4,100 Debit Accounts Recolvable \$3,936; debit Factoring Fee Expense \$164; credit Cash 54,100 . Deblt Cash \$4,100: credit Factoring Fee Expense 5164, ciedit Accounts Receivable $4,100 Debit Cash \$3,936; credit Accounts Receivable \$3,936 Debi Accounts Recoivable $4,100; credit Foctoring Fee Expense $164, credit Cash $3,936 Defy Company makes a $64,000,60-day, 15% cash loan to Ryan Company. The note and interest to be collected at maturity is; (Use 360 days a year.) Multiple Choice $64,000. $1,600 565600. $62,400. $73,600

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