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Question 16 On January 1. ABC Company provided $20.000 of services. The customers paid for the services with credit cards. ABC submitted the credit card
Question 16 On January 1. ABC Company provided $20.000 of services. The customers paid for the services with credit cards. ABC submitted the credit card receipts to the credit card company on January 5 . The credit card company charged ABC a 10% service charge. On January 12, ABC received the cash from the credit card company. On January 1. which one of the following is the appropriate debit? Accounts Receivable 20,000 and Credit Card Expense 2.000 Accounts Receivable 20,000 Cash20,000 Accounts Receivable 18,000 and Credit Card Expense 2,000 information is available for XYZ Inc at December 31
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