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UV5 LUGLU el queLUI SUVES SUSC. Question 37 2 points Save Answer Simonic Retailers accepted $90,000 of Citibank Visa credit card charges for merchandise sold

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UV5 LUGLU el queLUI SUVES SUSC. Question 37 2 points Save Answer Simonic Retailers accepted $90,000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 4% for its credit card use. The entry to record this transaction by Simonic Retailers will include a credit to Sales Revenue of $90,000 and a debit(s) to Cash $86,400 and Interest Expense $3,600. Accounts Receivable $86,400 and Service Charge Expense $3,600. Accounts Receivable $90,000. Cash $86,400 and Service Charge Expense $3,600

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