Business, 16.04.2020 00:48 kylieweeks052704

Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 3% charge on sales for using its card. On June 28, Jervis had $3,500 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit?

a. Debit Cash $3,500; credit Sales $3,500
b. Debit Accounts Receivable $3,500; credit Sales $3,500
c. Debit Cash $3,605; credit Credit Card Expense $105; credit Sales $3,500
d. Debit Cash $3,395; debit Credit Card Expense $105; credit Sales $3,500

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Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which asse...