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McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor 3 % of the sale. When a customer uses a

McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor

3 %

of the sale. When a customer uses a credit

card to pay McGregor $

1, 400

for services provided, McGregor would:

Multiple Choice

Debit Service Fee Expense for $

42 .

Debit Cash for $

1, 400 .

Credit Service Revenue for $

1, 358 .

Credit Service Revenue for $

1, 442 .

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