ve Griffin Corporation accepted a credit card for a sale of $3.000 on December 16 Yeart the d o od %. On January 5, Year 2. Griffin received payment from the credit card company indicate whether each of the low mue or false. e 1000 a) Griffin should record $2.880 of revenue in Year when the sale is made b) Griffin should increase the balance of the accounts receivable-cedit card com c) The sale has no impact on the statement of cash flows in Yeart d) The collection of cash increases totalsts in Year 2 e) The December 16 transaction increases total revenues and total expenses on the