Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 4.5% charge on sales for using its card. On June 28, Jervis had $5,300 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit?

Multiple Choice

• Debit Accounts Receivable $5,300; credit Sales $5,300

• Debit Cash $5,061.50; debit Credit Card Expense $238.50; credit Sales $5,300

• Debit Cash $5,300; credit Sales $5,300

• Debit Cash $5,538.50; credit Credit Card Expense $238.50; credit Sales $5,300

• Debit Accounts Receivable $5,061.50; debit Credit Card Expense $238.50; credit Sales $5,300