Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its card. On May 26, Brinker had $6,800 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit?Multiple ChoiceDebit Cash $6,460; debit Credit Card Expense $340; credit Sales $6,800.Debit Accounts Receivable $6,800; credit Sales $6,800.Debit Cash $7,140; credit Credit Card Expense $340; credit Sales $6,800.Debit Cash $6,800; credit Sales $6,800.Debit Accounts Receivable $6,460; debit Credit Card Expense $340; credit Sales $6,800.

Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 5.0% charge on sales for using its card. On June 28, Jervis had $5,400 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit?Multiple ChoiceDebit Cash $5,670.00; credit Credit Card Expense $270.00; credit Sales $5,400Debit Cash $5,400; credit Sales $5,400Debit Cash $5,130.00; debit Credit Card Expense $270.00; credit Sales $5,400Debit Accounts Receivable $5,400; credit Sales $5,400Debit Accounts Receivable $5,130.00; debit Credit Card Expense $270.00; credit Sales $5,400

P. Jameson Co. sold $500 of merchandise on Master Card credit sales. The net cash receipts from the sale are immediately deposited in the seller's bank account. Master Card charges a 4% fee. The journal entry to record this sales transaction would include a:Multiple select question.Credit to Credit Card Expense for $20.Credit to Sales for $500.Debit to Cash for $485.Credit to Accounts Receivable for $500.Debit to Cash for $480.Debit to Credit Card Expense for $20.

J. Whitlock Co. had $1,000 of credit cards sales. The net cash receipts were deposited immediately into Whitlock's bank account less a 5% fee. The entry to record this sales transaction would include a debit to:Multiple choice question.Sales in the amount of $1,000Cash in the amount of $1,000Credit Card Expense in the amount of $50Accounts Receivable in the amount of $950

J. Whitlock Co. had $1,000 of credit cards sales. The net cash receipts were deposited immediately into Whitlock's bank account less a 5% fee. The entry to record this sales transaction would include a debit to:Multiple choice question.Accounts Receivable in the amount of $950Sales in the amount of $1,000Credit Card Expense in the amount of $50Cash in the amount of $1,000

T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would include debit(s) to:Multiple choice question.Sales for $500Cash for $500 and Credit Card Expense for $25Cash for $475 and to Credit Card Expense for $25Accounts Receivable for $500