Which of the following is not true regarding a credit card expense? Credit card expense may be classified as a "discount" deducted from sales to get net sales. Credit card expense may be classified as a selling expense Credit card expense may be classified as an administrative expense. Credit card expense is not recorded by the seller. Credit card expense is a fee the seller pays for services provided by the card company A promissory note received from a customer in exchange for an account receivable is record the payee as: A cash equivalent. An account receivable. A note receivable