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Weber Company accepted $180,000 of Chase Visa charges for merchandise sold on September 15, 2020. Chase charges 3.5% for its credit card usage. The entry
Weber Company accepted $180,000 of Chase Visa charges for merchandise sold on September 15, 2020. Chase charges 3.5% for its credit card usage. The entry to record this transaction by Weber Company will include a credit to sales revenue and a debit (or debits) to:
a. | Cash of $173,700 and Service Charge Expense of $6,300. | |
b. | Cash of $173,700 and Interest Expense of $6,300. | |
c. | Accounts Receivable of $173,700 and Service Charge Expense of $6,300 | |
d. | Accounts Receivable of $186,300. |
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