If a company recorded a $5,500 credit card transaction and the credit card discount was 4%, what is the correct entry to accounts receivable?

A.Dr. Accounts Receivable $5,720

B.Dr. Accounts Receivable $5,280

C.Cr. Accounts Receivable $5,720

D.Cr. Accounts Receivable $5,280

All of the following are features of the percentage of credit sales method except

A.emphasizes earnings statement relationships.

B.focuses on asset valuation.

C.determines bad debts expense directly.

D.focuses on income measurement.