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UNIT 3 EXAM 02:03:58 -131 Question 6 of 31 < View Policies Current Attempt in Progress Waterway Retailers accepted $77000 of Citibank Visa credit

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UNIT 3 EXAM 02:03:58 -131 Question 6 of 31 < View Policies Current Attempt in Progress Waterway Retailers accepted $77000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 2% for its credit card use. The entry to record this transaction by Waterway Retailers will include a credit to Sales Revenue of $77000 and a debitis) to Cash $75460 and Interest Expense $1540. Cash $75460 and Service Charge Expense $1540 Accounts Receivable $75460 and Service Charge Expense $1540. Accounts Receivable $77000 Save for Later Attempts: 0 of 1 used Submit Answer

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