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Waterway Retailers accepted $90000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 3% for its credit card use. The

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Waterway Retailers accepted $90000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 3% for its credit card use. The entry to record this transaction by Waterway Retailers will include a credit to Sales Revenue of $90000 and a debit(s) to Accounts Receivable $90000. Cash $87300 and Interest Expense $2700. Accounts Receivable $87300 and Service Charge Expense $2700. Cash $87300 and Service Charge Expense $2700

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