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Mackenzie Company sold $420 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 2.5% fee for sales on

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Mackenzie Company sold $420 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 2.5% fee for sales on its credit cards. The journal entry to record this sales transaction would be: Multiple Choice Debit Cash of $420 and credit Sales $420. Debit Cash of $420 and credit Accounts Receivable $420. Debit Accounts Receivable $420 and credit Sales $420. Debit Cash $409.50; debit Credit Card Expense $10.50 and credit Sales $420. Debit Cash $409.50 and credit Sales $409.50

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