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Kenal Company sold $600 of merchandise to a customer who used a National Bank credit card. National Bank deducts a 3% service charge for sales

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Kenal Company sold $600 of merchandise to a customer who used a National Bank credit card. National Bank deducts a 3% service charge for sales on its credit cards, Kenal electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record the collection from the credit card company would be: | Debit Cash of $618; credit Credit Card Expense $18 and credit Sales $600. O Debit Accounts Receivable-National $582, debit Credit Card Expense $18 and credit Sales S600. Debit Cash $582 and credit Sales $582 Debit Cash of $618 and credit Accounts Receivable-National $618. Debit Cash $582debit Credit Card Expense $18 and credin Sales $600

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