Schofield Retailers accepted $31500 of Silver Bank MasterCard credit card charges for merchandise sold on August 1. Silver Bank charges 5% for its credit card use. The entry to record this transaction by Schofield Retailers will include a credit to Sales Revenue of $31500 and a debit(s) to

Accounts receivable for $29925 and Service Charge Expense for $3875.

Cash for $31500.

Accounts Receivable for $31500.

Cash for $29925 and Service Charge Expense for $1575.