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Question 19 Grouper Retailers accepted $76000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 6% for its credit card

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Question 19 Grouper Retailers accepted $76000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 6% for its credit card use. The entry to record this transaction by Grouper Retailers will include a credit to Sales Revenue of $76000 and a debit(s) to Accounts Receivable $71440 and Service Charge Expense $4560. a. Cash $71440 and Interest Expense $4560. b. Accounts Receivable $76000. C. Cash $71440 and Service Charge Expense $4560. d. Answer: Page

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