Credit sale with our customer using a bank credit card

Assignment Help Financial Accounting

Reference no: EM131211217

We make a credit sale with our customer using a bank credit card which allows for immediate payment to us. The sale was for $10,000 and carried a 2 percent fee. To record this sale we will:

Debit Cash for $10,000 and credit Sales for $10,000.

Debit Accounts Receivable for $10,000 and credit Sales for $10,000.

Debit Accounts Receivable for $9,800 and credit sales for $9,800

None of the above

Reference no: EM131211217

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