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Roberts, Inc., a retailer, accepts payment through credit cards. During July, credit card sales amounted to $115,000. The processor charges a 2% fee. What is
Roberts, Inc., a retailer, accepts payment through credit cards. During July, credit card sales amounted to $115,000. The processor charges a 2% fee. What is the correct journal entry or entries for credit card sales assuming the gross method? OA. Accounts Receivable Sales Revenue 115,000 115,000 Credit Card Expense Cash 2,300 2,300 OB. Cash 115,000 Sales Revenue Credit Card Expense Cash 115,000 2,300 2,300 OC. Cash 112,700 Credit Card Expense 2,300 Sales Revenue 115,000 OD. Accounts Receivable 112,700 Credit Card Expense 2,300 Sales Revenue 115.000
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