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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
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 $5,500 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit? Multiple Choice Debit Cash $5,500; credit Sales $5,500 Debit Cash $5,335.00; debit Credit Card Expense $165.00; credit Sales $5,500 Debit Cash $5,665.00; credit Credit Card Expense $165.00; credit Sales $5,500 Debit Accounts Receivable $5,335.00; debit Credit Card Expense $165.00; credit Sales $5,500
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