Mackenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 4% fee for sales on its credit cards. The journal entry to record this sales transaction would be: Multiple Choice O Debit Cash of $180 and credit Sales $180. Debit Cash of $180 and credit Accounts Receivable-Regional $180. Debit Accounts Receivable-Regional $172.80; debit Credit Card Expense $7.20 and credit Sales $180. Debit Cash $172.80 and credit Sales $172.80. Debit Cash $172.80; debit Credit Card Expense $7.20 and credit Sales $180.

Mackenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 4% fee for sales on its credit cards. The journal entry to record this sales transaction would be: Multiple Choice Debit Cash of $180 and credit Sales $180 Debit Cash of $180 and credit Accounts Receivable-Regional $180. Debit Accounts Receivable-Regional \$172.80; debit Credit Card Expense $7.20 and credit Sales $180. Debit Cash $172.80 and credit Sales $172.80 Debit Cash $172.80; debit Credit Card Expense $7.20 and credit Sales $180