MC Qu. 14 Caine Company accepted credit card payments ... Caine Company accepted credit card payments of $40,000 for services rendered during the year. The credit card company charges a 3% fee for handling the transactions. Which of the following choices accurately reflects how the collection of the receivable due from the credit card company would affect the company's financial statements? Multiple Choice Liab. Equity Rev. Exp. Net Inc. Cash Flow Assets Cash AR + n/a iva n/a na na n/a Liab. Equity Rev. Exp. Net Inc. Cash Flow Assets Cash AIR + na n/a +OA Liab. Equity Rev. Exp. Net Inc. Cash Flow Assets Cash AJR n/a n/a n/a na IV + OA Llab. Equity Rev. Exp. Net Inc. Cash Flow Assets Cash A/R n/a n/a n/a OA