last answer choice is all of the answers describe effects that will occur as a result of recongnizing this event

5 Barron Company accepts a credit card as payment for $1,200 of services provided to a customer. The credit card company charges a 5% handling fee for its collection services. Select the answer that shows how the entry to recognize the event would affect Barron's financial statements Part 5 of 8 Multiple Choice eBook Assets will increase by $1,340 Revenue will increase by $1,200. Expenses will increase by $60 Next >