Question
Stelloh's Berry Farm accepted a bankissued credit card in payment of a $2,100 sales transaction. Stelloh's bank charges 33% to process the transaction. The journal
Stelloh's Berry Farm accepted a bankissued credit card in payment of a $2,100 sales transaction. Stelloh's bank charges 33% to process the transaction. The journal entry to record the sales transaction will include (Ignore cost of goods sold.):
A. a debit to Accounts Receivable for $ 2,100, a debit to Credit Card Revenue for $ 63 and a credit to Sales Revenue for $ 2,163.
B. a debit to Cash for $ 2,037, a debit to Credit Card Discount Expense for $ 63 and a credit to Sales Revenue for $ 2,100.
C. a debit to Accounts Receivable for $ 2,037 and a credit to Sales Revenue for $ 2,037.
D. a debit to Cash for $ 2,100 and a credit to Sales Revenue for $ 2,100.
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