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Simoni Retailers accepted $106 of Citibank Visa credit card charges by Simonic Retailers will include a credit to Sales Revenue of $106000 and a debit(s)

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Simoni Retailers accepted $106 of Citibank Visa credit card charges by Simonic Retailers will include a credit to Sales Revenue of $106000 and a debit(s) to for merchandise sold on July 1 atibank charges 5% for its credit card use. The entry to record this transaction O Accounts Receivable $100700 and Service Charge Expense $5300. O Cash $100700 and Interest Expense $5300 ? Cash S 100700 and Service Charge Expense $5300. O Accounts Receivable $106000

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