XYZ company pays 3.5% service fee to a credit card company, and the cash is deposited immediately to the company's account. If XYZ has SR2,000 in credit card sales, which of the following statements are true?

1. XYZ debits Cash SR2,000

2. XYZ debits service fee expense SR70

3. XYZ debits Accounts Receivable - Credit Card Co SR2,000

4. XYZ credits Sales SR1,930