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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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