Schofield Retailers accepted $40000 of Silver Bank MasterCard credit card charges for merchandise sold on August 1. Silver Bank charges 4% for its credit card use. The entry to record this transaction by Schofield Retailers will include a credit to Sales Revenue of $40000 and a debit(s) to

Accounts Receivable for $40000.

Accounts receivable for $38400 and Service Charge Expense for $2400.

Cash for $38400 and Service Charge Expense for $1600.

Cash for $40000.