QUESTION 26 Kenai Company sold $600 of merchandise to a customer who used a National Bank credit card. National Bank deducts a 3% service charge for sales on its cred cards. Kenai electronically remits the credit card sales receipts to the credit card company and receives payment immediately The journal entry to record the collection from the credit card company would be O Debit Cash of $618 and credit Accounts Receivable-National $618. Debit Cash of $618; credit Credit Card Expense $18 and credit Sales $600. Debit Accounts Receivable-National $582; debit Credit Card Expense $18 and credit Sales $600. Debit Cash $582; debit Credit Card Expense $18 and credit Sales $600. Debit Cash $582 and credit Sales $582. QUESTION 27 Uniform Supply accepted a $4,800, 90-day, 10 % note from Tracy Janitorial on October 17. What entry should Uniform Supply make on December 31, to record the accrued interest on the note? O Debit Cash $20; credit Notes Receivable $20. Debit Cash $100; credit Notes Receivable $100. Debit Interest Receivable $20; credit Interest Revenue $20. Debit Interest Receivable $100; credit Interest Revenue $100. Debit Cash $120; credit Interest est Revenue $100; credit Interest Receivable $20