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-which multiple choice is correct 1.) On May 11, Colquitt Company accepted an American Express card from a customer for a $5,400 purchase. American Express

-which multiple choice is correct

1.) On May 11, Colquitt Company accepted an American Express card from a customer for a $5,400 purchase. American Express charges a 2% service fee. The entry to record this transaction would include a:

a.

credit to service charge expense of $108.

b.

debit to service charge expense of $108.

c.

debit to cash of $5,400.

d.

credit to sales revenue of $5,508.

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