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Joe Sanji purchases books from Canada Books Co. for $1,000, using his Royal Bank Financial Group VISA card. The service fee the bank charges is

Joe Sanji purchases books from Canada Books Co. for $1,000, using his Royal Bank Financial Group VISA card. The service fee the bank charges is 3%. The entry made to record the transaction by Canada Books is

Cash 1,000

Sales 1,000

Cash 970

Credit Card Expense 30

Sales 1,000

Cash 970

Sales 970

Accounts ReceivableVISA 970

Credit Card Expense 30

Sales 1,000

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